Markets are mixed in a quiet Asian session today, with little reaction to China's trade data. Dollar is consolidating last week's late lost but there is no apparent momentum for a rebound. On the other hand, Yen is mildly higher on sluggish stock markets in the region. Gold is struggling below 1900 handle as the current rebound loses some upside momentum. WTI crude oil also retreats just head of 70 handle. Technically, 109.32 support in USD/JPY will be a focus for today. Break there will suggest completion of choppy rebound from 107.47. Deeper fall would then be seen to 108.55 support and below. The could be accompanied by more broad based selloff in Dollar, or Yen crosses, or both. In Asia, at the time of writing, Nikkei is up 0.34%. Hong Kong HSI is down -0.75%. China Shanghai SSE is down -0.14%. Singapore Strait Times is up 0.83%. Japan 10-year JGB yield is down -0.0103 at 0.075. |