Markets are generally steady in Asian session today, with mild recovery seen in Nikkei. Though, movements in other markets are rather subdued. Commodity currencies recover in general while Yen, Swiss Franc and Dollar are the weaker ones. However, for the week, Dollar and Yen remain the strongest one while New Zealand and Australian Dollar are the worst performing so far. Focus will turn to SNB rate decision and US jobless claims. Technically, we'd continue to pay attention to Dollar pairs. In particular, USD/CHF is holding below 0.9374 resistance for now. Firm break there will resume larger rally from 0.8756. USD/JPY recovers ahead of 108.33 minor support and focus is back on 109.35 temporary top. Firm break there will also resume the larger rise from 102.58. In Asia, Nikkei closed up 1.14%. Hong Kong HSI is flat. China Shanghai SSE is down -0.01%. Singapore Strait Times is up 0.33%. Japan 10-year JGB yield is up 0.0128 at 0.081, staying well below 0.1% handle. Overnight, DOW dropped -0.01%. S&P 500 dropped -0.55%. NASDAQ dropped -2.01%. 10-year yield dropped -0.024 to 1.614. |