Sterling softens notably today as focus turns to BoE rate decision, and more importantly the stance regarding negative interest rates. Euro and Swiss Franc remain generally weak too. New Zealand and Canadian Dollars are paring some gains as risk markets turned mixed again. But Aussie is somewhat bucking the trend with a rebound. Dollar buying is picking up in Asian session, and there is some upside prospects, depending on tomorrow's non-farm payroll report. Technically, GBP/USD's break of 1.3608 minor support is a sign of weakness in the Pound. some focuses will be on 141.16 support in GBP/JPY and 0.8917 resistance in EUR/GBP. These two levels are still far from the current prices. But they could be vulnerable should selling in Sterling intensifies. In Asia, currently, Nikkei is down -0.90%. Hong Kong HSI is down -1.56%. China Shanghai SSE is down -1.17%. Singapore Strait Times is down -0.98%. Japan 10-year JGB yield is up 0.0040 at 0.063. Overnight, DOW rose 0.12%. S&P 500 rose 0.10%. NASDAQ dropped -0.02%. 10-year yield rose 0.026 to 1.131. |