Dollar turned mixed in Asian session as traders are awaiting fresh inspirations from economic data and comments from Fed officials. The FOMC is clearly split in way with some policymakers advocating a "hold" in June. Nevertheless, they're unified in another way that even a "hold" doesn't necessarily means a "pause", not to mention a "peak". The greenback, in any case, will look into today's ADP employment and ISM manufacturing, as well as tomorrow's non-farm payroll data for more guidance. Australian Dollar is recovering mildly, with help from China's manufacturing data, but upside is limited. Yen is turning softer again after this week's rebound is losing momentum. Sterling is holding on to gains against Euro and Swiss Franc, as well as Dollar. Meanwhile, Canadian Dollar is sluggish together with New Zealand Dollar. Technically, Euro is clearly weaker this week after downside surprising in France and Germany inflation data. Yet, EUR/CHF is still working hard to form a bottom and focuses will be on 0.9760 minor resistance today. Firm break there should confirm short term bottoming at 0.9670 and bring stronger rebound back to 0.9797/9878 resistance zone. The next move will depend on markets' reaction to today's Eurozone CPI data. In Asia, Nikkei closed up 0.84%. Hong Kong HSI is up 0.54%. China Shanghai SSE is up 0.28%. Singapore Strait Times is up 0.12%. Japan 10-year JGB yield is down -0.0081 at 0.425. Overnight, DOW dropped -0.41%. S&P 500 dropped -0.61%. NASDAQ dropped -0.63%. 10-year yield dropped -0.063 to 3.637. |