Selloff in Yen and Swiss Franc remain a main theme in the markets in Asia today, while Euro is also weak. Dollar is staying firm but it's struggling to extend gain against commodity currencies and Sterling for now. Indeed, Aussie and Loonie are now trying to reverse some of this week's losses against the greenback. Rally in US treasury yields continues to be a main driving force overall, as supported by upbeat comments from Fed officials Focuses will turn to US ADP job report today, as prelude to Friday's non-farm payrolls. Technically, EUR/USD is going to enter into an important support zone between 1.1602 and 38.2% retracement of 1.0635 to 1.2348 at 1.1694. We're expecting strong support from this zone to complete the correction from 1.2348. But firm break there will raise the odds of larger bearishness, that could shape the trend for Q2 at least. In Asia, Nikkei is currently down -0.79%. Hong Kong HSI is down -0.17%. China Shanghai SSE is down -0.63%. Singapore Strait Times is down -0.06%. Japan 10-year JGB yield is down -0.0043 at 0.089. Overnight, DOW dropped -0.31%. S&P 500 dropped -0.32%. NASDAQ dropped -0.11%. 10-year yield rose 0.005 to 1.726, after hitting as high as 1.765. |