Dollar drops notably in early US session after another NFP miss. It has now reversed all of yesterday's late gains. Canadian Dollar also turns softer after weaker than expectation job data. On the other hand, other commodity currencies strengthen mildly. In other markets, US future turn up on expectation Fed is not closer to tapering. Gold recovers on Dollar weakness. Technically, in the end, GBP/USD failed to sustain below 1.4090 support and rebounds. USD/CHF also failed to break through 0.9046 minor resistance and drops sharply. Dollar's near term weakness is generally retained first. Focus is indeed back on 109.32 minor support in USD/JPY. Break there could prompt deeper selling in the green back next week. In European, at the time of writing, FTSE is down -0.24%. DAX is up 0.05%. CAC is up 0.03%. Germany 10-year yield is down -0.011. Earlier in Asia, Nikkei dropped -0.40%. Hong Kong HSI dropped -0.17%. China Shanghai SSE rose 0.21%. Singapore Strait Times dropped -0.44%. Japan 10-year JGB yield dropped -0.0014 to 0.085. |