Yen remains the weakest one for the week, following the extended rebound in US stocks overnight, and persistent strength in treasury yields. Swiss Franc and Dollar are also soft as distant second and third. Meanwhile, Euro is currently the best week performer, followed by Aussie and then Kiwi. Sterling's rally attempt was capped by the dovish BoE hike and is mixed for now. Technically, there are two pairs to watch before the week ends. EUR/USD is back pressing 1.1120 resistance. Strong break there will but a sign of more sustainable rebound in the common currency for the near term. CHF/JPY is now heading back to 127.05 high, after drawing support from 55 day EMA multiple times. Break of 127.05 will resume larger up trend from 106.71, and would give Yen extra pressure ahead. In Asia, at the time of writing, Nikkei is up 0.33%. Hong Kong HSI is down -2.38%. China Shanghai SSE is down -0.22%. Singapore Strait Times is up 0.13%. Japan 10-year JGB yield is up 0.0074 at 0.211. Overnight, DOW rose 1.23%. S&P 500 rose 1.23%. NASDAQ rose 1.33%. 10-year yield rose 0.004 to 2.192. |