Dollar is consolidating some gains in Asia session today but remains overwhelmingly the strongest for the week. Yen is following closely as second best. Yet, there is no one-sided risk aversion in the markets to help Yen against Dollar. US stock indexes ended mixed overnight only, while Asian markets are trading in narrow range. Swiss Franc is currently the worst performing, followed by commodity currencies. Technically, there is prospect of some retreat in Dollar today even though near term bullishness is well set for extension. 109.79 support in USD/JPY is a level to watch and break will, at least temporarily, turn the favor to Yen and cap Dollar's upside. 1803.2 minor resistance in Gold is also a level to watch. Break will suggests temporary bottoming after hitting 61.8% retracement of 1676.65 to 1916.30 at 1768.19. Stronger recovery could then be seen in tandem with retreat in the greenback. In Asia, at the time of writing, Nikkei is down -0.06%. Hong Kong HSI is up 0.59%. China Shanghai SSE is down -0.49%. Singapore Strait Times dropped -0.26%. Japan 10-year JGB yield is down -0.0057 at 0.060. Overnight, DOW dropped -0.62%. S&P 500 dropped -0.04%. 10-year yield dropped -0.058 to 1.511. |