 Yen is recovering slightly in Asian session today, digesting recent steep selloff. The climax selling is temporarily past as focuses turn to ECB policy decision today and US CPI tomorrow. Euro is trading mixed for the moment, except versus Yen and Swiss Franc. To be specific, it's range bound against Dollar, Sterling, Aussie and Canadian. The reaction to ECB would be important to decide the next move in Euro for the near term. Technically, levels to watch include 1.0786 resistance in EUR/USD, 0.8617 resistance in EUR/GBP, 1.4965 minor resistance in EUR/AUD and 1.3538 minor resistance in EUR/CAD. Powerful break of these levels together will confirm that Euro bulls are fully on board, at least for the near term. Otherwise, there might still be some reservations among them. In Asia, Nikkei closed up 0.18%. Hong Kong HSI is down -0.90%. China Shanghai SSE is down -1.07%. Singapore Strait Times is down -0.31%. Japan 10-year JGB yield is up 0.0031 at 0.251. Overnight, DOW dropped -0.81%. S&P 500 dropped -1.08%. NASDAQ dropped -0.73%. 10-year yield rose 0.057 to 3.029. |
