Major currencies remain largely in range against each other in quiet trading today. Australian Dollar continues to lead other commodity currencies to recover. But Aussie's recovery could be short-lived if RBA delivers some unexpected dovish surprise in the coming Asian session. Meanwhile, Swiss Franc is turning notably weaker, followed by Yen and then Euro and Dollar. Technically, US benchmark yields and stocks are set for a rebound in early trading. We'll see how that would drive the next move in Yen crosses. In particular, GBP/JPY has lose some downside momentum just ahead of 148.93 keys support level. Rise from current level, followed by break of 152.35 resistance would turn near term bias back to the upside. However, sustained break of 148.93 will pave the way to next cluster level at 145.25. In Europe, at the time of writing, FTSE is up 0.93%. DAX is up 0.50%. CAC is up 0.84%. Germany 10-year yield is up 0.011 at -0.377. Earlier in Asia, Nikkei dropped -0.36%. Hong Kong HSI dropped -1.76%. China Shanghai SSE dropped -0.50%. Singapore Strait Times rose 0.46%. Japan 10-year JGB yield dropped -0.0158 to 0.041. |