Dollar is back in selloff mode in early US session after slightly worse than expected jobless claims numbers. Though, at the time of writing, Yen underperforms mildly. On the other hand, buying focus is back on commodity currencies today. Australian Dollar is leading others higher. European majors are generally mixed. European indices are mixed for now while US futures point to just slightly higher top. Trading could be relatively subdued. Technically, AUD/JPY is leading other commodity-yen crosses for the moment, resuming near term rally after brief consolidations. Further rise is now expected as long as 80.63 minor support holds, for 61.8% projection of 59.89 to 78.46 from 73.13 at 84.60. Eyes will also be on 82.69 temporary top in CAD/JPY and 76.12 temporary top in NZD/JPY. In Europe, currently, FTSE is flat. DAX is up 0.70%. CAC is up 0.05%. Germany 10-year yield is down -0.027 at -0.462. Earlier in Asia, Nikkei rose 0.19%. Hong Kong HSI rose 0.45%. China Shanghai SSE rose 1.43%. Singapore Strait Times dropped -0.01%. Japan 10-year JGB yield rose 0.0096 to 0.080. |