Dollar surges further in early US session against Yen, after BoJ Governor Haruhiko Kuroda dropped no hint on intervention despite today's Yen selloff. Indeed, he noted that Yen depreciation could be could for the economy as a whole, just that speculation driven move is bad. But the greenback is actually struggling to gain against other major currencies. FOMC minutes will be featured later today but they're unlikely to reveal anything new. Traders will be keenly awaiting tomorrow's US CPI release. Technically, one focus for now is whether USD/JPY's rally could taken other Yen crosses higher, especially EUR/JPY and GBP/JPY. Both are still having 140.77 and 159.41 minor support levels in pocket. Break of 144.06 and 165.69 will resume last week's rebound, towards 145.62 and 148.93 highs respectively. In Europe, at the time of writing, FTSE is down -0.67%. DAX is down -0.25%. CAC is down -0.29%. Germany 10-year yield is up 0.107 at 2.410. Earlier in Asia, Nikkei dropped -0.02%. Hong Kong HSI dropped -0.78%. China Shanghai SSE rose 1.53%. Singapore Strait Times dropped -0.70%. Japan 10-year JGB yield dropped -0.007 to 0.254. |