Overall markets continue to trade in a mixed manner for now. Yen and Dollar are currently the weakest for the weak while commodity currencies are the strongest. But all major pairs and crosses are stuck inside prior week's range. The situation in Afghanistan is unlikely to be a persistent worry for investors. Main focuses will remain on the comments from Fed officials regarding tapering. Technically, while focuses are on Dollar, Sterling appears to be turning slightly weaker. In particular, EUR/GBP drew some notable support from 4 hour 55 EMA and rebounded. Break of 0.8592 resistance will resume the rise from 0.8448 towards 0.8668 resistance. Meanwhile, GBP/JPY appears to be rejected by 151.38 minor resistance and it could be heading back to 149.16 support. In Asia, at the time of writing, Nikkei is down -0.47%. Hong Kong HSI is up 0.51%. China Shanghai SSE is up 0.49%. Singapore Strait Times is down -0.81%. Japan 10-year JGB yield is up 0.0036 at 0.025. Overnight, DOW dropped -0.54%. S&P 500 dropped -0.58%. NASDAQ dropped -0.64%. 10-year yield closed flat at 1.342, after rising to 1.375. |