Yen rises broadly in quiet trading today, with help from falling US and European benchmark yields. Sterling is following as next strongest, and then Kiwi. On the other hand, Swiss Franc is the worst performer, followed by Dollar, Canadian. Euro and Aussie are mixed for the moment. As the US markets are on holiday today, trading could turn more subdued. Technically, CAD/JPY takes the lead by breaking through near term support at 104.06 to resume the whole decline form 110.87. It's currently in correction to rise from 84.65 to 110.87. Deeper fall is expected as long as 105.79 resistance holds. Next target is 101.39 cluster support (38.2% retracement of 84.65 to 110.87 at 110.85. In Europe, at the time of writing, FTSE is up 0.01%. DAX is up 0.61%. CAC is 0.22%. Germany 10-year yield is down -0.077 at 1.856. Earlier in Asia, Nikkei rose 0.95%. Hong Kong HSI rose 0.78%. China Shanghai SSE dropped -0.25%. Singapore Strait Times dropped -0.10%. Japan 10-year JGB yield rose 0.0043 to 0.249. |