Dollar dropped notably overnight together with pull back in benchmark treasury yield. The selling of the greenback continued in Asian session today. Even the weak Yen is recovering against Dollar, but it's still, for now, the worst performing one for the week. On the other hand, European majors are making a comeback, with Sterling leading Euro and Swiss Franc higher. Commodity currencies are mixed for now. Technically, Euro will be the main focus for today. For EUR/USD break of 1.0937 will bring stronger recovery, possibly towards 1.1184 resistance. Break of 0.8379 in EUR/GBP will bring stronger rebound back to 0.8511 resistance. Meanwhile, break of 137.49 resistance in EUR/JPY will resume larger up trend. In Asia, Nikkei closed up 1.22%. Hong Kong HSI is up 0.92%. China Shanghai SSE is up 1.53%. Singapore Strait Times is down -0.04%. Japan 10-year JGB yield is down -0.0012 at 0.239. Overnight, DOW rose 1.01%. S&p 500 rose 1.12%. NASDAQ rose 2.03%. 10-year yield dropped -0.038 to 2.687. |