Markets are generally in consolidative mode today. Dollar turns weaker against Swiss Franc and Yen despite better than expected jobless claims data. But the greenback is just range bound against other major currencies. Commodity currencies are digesting near term gains but losses are so far very limited. Euro is trading sideway against Sterling but weakens notably against Swiss Franc. Technically, firstly, we'd continue to monitor if USD/JPY would break through 113.87 minor support firmly to start a near term pull back. That could be followed by break of 132.13 minor support in EUR/JPY and 156.58 minor support in GBP/JPY to confirm Yen's general rebound. Secondly, we'd also see if EUR/CHF is breaking through 1.0678 temporary low to resume recent fall, and, whether EUR/GBP would follow through 0.8420 temporary low too. In Europe, at the time of writing, FTSE is down -0.39%. DAX is up 0.06%. CAC is down -0.27%. Germany 10-year yield is up 0.017 at 0.107. Earlier in Asia, Nikkei dropped -1.87%. Hong Kong HSI dropped -0.45%. China Shanghai SSE rose 0.22%. Singapore Strait Times dropped -0.30%. Japan 10-year JGB yield dropped -0.0053 to 0.090. |