Yen and Swiss Franc are currently the strongest ones for the week and remain generally firm. Falling global benchmark treasury yields seem to be supporting both "safe-haven" currencies. Germany 10-year bund yield is back below -0.22, UK 10-year gilt yield is below 0.95 while Japan 10-year JGB yield is back at 0.07. Aussie is worst performing one for the week, followed by Sterling, as selloff continued after their respective central bank meeting. Dollar is firm but needs guidance from non-farm payroll report for taking up a more committed direction. Technically, we'd pay special attention to EUR/USD and USD/JPY today. EUR/USD is now stuck in range of 1.1523/1691. USD/JPY is also bounded inside 113.24/114.69. For now, upside breakout in Dollar is in favor in both pairs. But we'll have to see if NFP supports that. In Asia, at the time of writing, Nikkei is down -0.70%. Hong Kong HSI is down -0.99%. China Shanghai SSE is down -0.32%. Singapore Strait Times is up 0.56%. Japan 10-year JGB yield is down -0.012 at 0.070. Overnight, DOW dropped -0.09%. S&P 500 rose 0.42%. NASDAQ rose 0.81%. 10-year yield dropped -0.0055 to 1.524. |