Yen and Dollar falls broadly today as risk-on sentiment is gaining steam. European majors are making a strong come back too. Sterling is boosted by upbeat job market data. Euro is also lifted after a ECB policymaker threw out the idea of a 50bps rate hike. Commodity currencies are mixed for the moment, slightly on the soft side. Technically, EUR/USD's rebound raises the chance of successfully defending 2017 low. Immediate focus is now on 1.0641 resistance. Firm break there will at least confirm short term bottoming and bring stronger rebound. If that happens, focus will also be on 1.2637 resistance in GBP/USD and 0.9871 support in USD/CHF. Break of these levels will also add to the case of extended pull back in Dollar. In Europe, at the time of writing, FTSE is up 0.79%. DAX is up 1.44%. CAC is up 1.17%. Germany 10-year yield is up 0.101 at 1.040. Earlier in Asia, Nikkei rose 0.42%. Hong Kong HSI rose 3.27%. China Shanghai SSE rose 0.65%. Singapore Strait Times rose 0.34%. Japan 10-year JGB yield rose 0.0010 to 0.245. | 