 The forex markets are generally quite and directionless for the time being. After very brief selloff yesterday, Dollar is regaining some ground in Asian session today. Sterling is mildly firmer too, but there is no follow through buying. Yen is currently the weaker one together with Swiss Franc and Australian Dollar. In other markets, Gold continues to struggle in tight range, together with oil price. Technically, one focus today is 130.65 resistance in EUR/JPY. Firm break there will resume larger up trend from 114.42. More importantly, that might be an early sign of upside breakout in Euro, or downside breakout in Yen. For the latter, we'd look at 109.95 minor resistance in USD/JPY to confirm the rebound from 108.99, and double confirm Yen's weakness. In Asia, currently, Nikkei is up 0.98%. Hong Kong HSI is up 0.906%. China Shanghai SSE is down -0.01%. Singapore Strait Times is up 0.21%. Japan 10-year JGB yield is down -0.007 at 0.104. Overnight, DOW dropped -0.16%. S&P 500 dropped -0.02%. NASDAQ dropped -0.36%. 10-year yield rose 0.009 to 1.675. |
