Yen and Dollar rise slightly in quiet Asia session today while Aussie and Kiwi weaken. It's typical risk-off setting with weakness seen in oil price and gold too, but movements are limited. Major pairs and crosses are staying inside Friday's range for now. Asia stock markets are also mixed with mild weakness seen in China and Hong Kong. There is little reaction to the much poorer than expected economic data from China. Technically, main focus remains on whether EUR/USD would power through 2017 low at 1.0339. An interest point to note is that USD/CHF has already broke through parity already. A break of 1.0339 in EUR/USD could also quickly push it through parity too. Both Fed and ECB had already provided clear forward guidance on rates. The trigger for EUR/USD's next move is more likely from intermarket reactions. In Asia, at the time of writing, Nikkei is up 0.62%. Hong Kong HSI is down -0.37%. China Shanghai SSE is down -0.51%. Singapore Strait Times is up 0.82%. Japan 10-year JGB yield is up 0.0023 at 0.247. |