Dollar turns notably weaker against Swiss Franc and Yen today but markets are relatively steady elsewhere. Sterling pays little attention to employment data which showed some positive signs. Canadian Dollar also shrugged off yesterday's BoC tapering. General focus will now turn to US job data, and the movements in stock markets for next moves in currencies. Technically, immediate focus is now on 0.9129 support in USD/CHF and 109.52 support in USD/JPY. Break there will resume falls from 0.9273 and 111.65 respectively. More importantly, such development would affirm the case of near term bearish reversal. We might see spillover to other pairs. In particular, break of 1.1880 resistance in EUR/USD would align the outlook with USD/CHF and USD/JPY. In Asia, Nikkei closed down -1.15%. Hong Kong HSI is up 1.07%. China Shanghai SSE is up 1.03%. Singapore Strait Times is down -0.38%. Japan 10-year JGB yield is down -0.0039 at 0.017. Overnight, DOW rose 0.13%. S&P 500 rose 0.12%. NASDAQ dropped -0.22%. 10-year yield dropped -0.049 to 1.356. |