 Sterling and Swiss Franc rise notably today, with help from the buying against Euro. The common currency is weighed down by talks of slower ECB tightening in March, but remains resilient against Dollar. Nevertheless, the Pound and Swissy are outshone by Kiwi for now. Yen is starting to reverse some BoJ triggered selloff in early US session. Technically, USD/JPY is now back at the starting levels of the day. With 133.61 support turned resistance intact, outlook remains bearish. That is, another fall through 127.20 low is still in favor, to resume whole decline from 151.93. The question is whether that would be accompanied by more selloff in Dollar, or in Yen crosses in general. Let's see. In Europe, at the time of writing, FTSE is down -0.10%. DAX is up 0.08%. CAC is up 0.31%. Germany 10-year yield is down -0.079 at 2.013. Earlier in Asia, Nikkei surged 2.50%. Hong Kong HSI rose 0.47%. China Shanghai SSE closed flat. Singapore Strait Times rose 0.28%. Japan 10-year JGB yield dropped -0.0819 to 0.422. |
