Yen is apparently the biggest winner against the broadly pressured Dollar. Steep declines in US and European benchmark yield gave the Japanese currency much support. Euro is currently the better performer among European majors. Canadian Dollar clearly lags behind other commodity currencies. The greenback will now look into this non-farm payroll data today, which might not carry as much significance as earlier anticipated. Canadian Dollar is also worth a watch today with Canadian job data featured. Technically, EUR/CAD's rise from 1.2867 resumed this week and edged higher to 1.4147 so far. Further rally is expected as long as 1.3943 support holds. Sustained trading above 100% projection of 1.2867 to 1.3694 from 1.3270 at 1.4097 could prompt more upside acceleration to 161.8% projection at 1.4608 in the near term. The tone for the move could be set today. In Asia, Nikkei dropped -1.59%. Hong Kong HSI is down -0.07%. China Shanghai SSE is down -0.15%. Singapore Strait Times is down -0.77%. Japan 10-year JGB yield is up 0.0059 at 0.257. Overnight, DOW dropped -0.56%. S&P 500 dropped -0.09%. NASDAQ rose 0.13%. 10-year yield dropped -0.174 to 3.529. |