Canadian Dollar tumbles notably in early US session after much less hawkish then expected BoC rate decision. The central bank stands pat while lowering both inflation and growth forecasts. Elsewhere in the currency markets, Yen is trading broadly lower with Swiss Franc as stock markets are staging a strong rebound. Meanwhile, Aussie is also trying to extend recovery. But then, the next moves will firstly depend on FOMC later in the day and development surrounding Ukraine. Technically, we're maintain that some resistance levels in Yen crosses should be taken out with conviction if sentiment is truly turning risk-on again. The levels include 115.05 minor resistance in USD/JPY, 130.07 minor resistance in EUR/JPY, 155.38 minor resistance in GBP/JPY, 82.07 minor resistance in AUD/JPY. At the time of writing, DOW is up 1.11%. S&P 500 is up 1.61%. NADSAQ is up 2.19%. 10 year yield is flat at 1.776. In Europe, FTSE is up 2.01%. DAX is up 2.63%. CAC is up 2.63%. Germany 10-year yield is up 0.0086 at -0.068. Earlier in Asia, Nikkei dropped -0.44%. Hong Kong HSI rose 0.19%. China Shanghai SSE rose 0.66%. Singapore Strait Times rose 0.73%. Japan 10-year JGB yield dropped -0.0009 to 0.140. |