Dollar rises slightly in Asian session today, as markets await non-farm payrolls report from the US. Commodity currencies are generally lower despite to strong rebound in US stocks overnight. As for the week, Swiss Fran and Yen remain the strongest ones followed by Dollar. Aussie and Kiwi are the weakest. We'll see how NFP would adjust market expectations on Fed tapering and rate hike, and thus trigger the movements in all financial markets. Technically, a major focus for today and whether EUR/USD would break through 1.1382 resistance firmly to confirm short term bottoming. Or, it would break through 1.1185 support will resume larger down trend. At the same time, we'd all watch the action in USD/JPY, on whether it would break though 112.71 support, or rebound to retest 115.51 high. In Asia, at the time of writing, Nikkei is up 0.58%. Hong Kong HSI is down -0.80%. China Shanghai SSE is up 0.66%. Singapore Strait Times is up 0.10%. Japan 10-year JGB yield is down -0.0033 at 0.056. Overnight, DOW rose 1.82%. S&P 500 rose 1.42%. NASDAQ rose 0.83%. 10-year yield rose 0.014 to 1.448. |
