Overall markets are relatively mixed. Euro's rebound attempt yesterday was rather disappointing, but it's nonetheless still the best performer for the week. Dollar staged a strong rebound overnight, with help from hawkish Fed and rising yield, but there is no clear follow through buying yet. Commodity currencies were generally hammered by risk off sentiment. Yen is staying in consolidation, which would extend for a while longer. Technically, despite breaching 1.0922 minor resistance, EUR/USD lacked follow through buying and dipped back into middle of a near term range. EUR/GBP's is also capped below 0.8379 minor resistance so far. Thus, there is no confirmation of Euro's underlying strength yet. The levels will continued to be watched. In Asia, at the time of writing, Nikkei is down -1.78%. Hong Kong HSI is down -0.49%. China Shanghai SSE is down -0.07%. Singapore Strait Times is up 0.10%. Japan 10-year JGB yield is down -0.0057 at 0.249. Overnight, DOW dropped -1.05%. S&P 500 dropped -1.48%. NASDAQ dropped -2.07%. 10-year yield rose 0.077 to 2.917. |