Commodity currencies rise broadly today on the back on risk-on sentiments. Major European indexes are trading up while US futures also point to higher open. Yen is extending recent broad based decline since though treasury yields are in retreat. Dollar and Euro are following as next weakest. Sterling and Swiss Franc are mixed, helped by buying against Euro, Dollar and Yen. Technically, CAD/JPY has taken out 91.16 resistance earlier this week to resume medium term up trend from 73.80. Now, it's NZD/JPY turn to take on 80.17 resistance. Break there will resume the up trend form 59.49 for 61.8 projection of 59.49 to 80.17 from 74.54 at 87.32. AUD/JPY is lagging behind, but firm break of 85.78 will also resume the up trend form 59.85 to 61.8% projection of 59.85 to 85.78 from 77.88 at 93.90 in the medium term. In Europe, at the time of writing, FTSE is up 0.82%. DAX is up 1.23%. CAC is up 1.15%. Germany 10-year yield is down -0.046. Earlier in Asia, Nikkei rose 1.46%. China Shanghai SSE dropped -0.10%. Singapore Strait Times rose 0.27%. Japan 10-year JGB yield dropped -0.0048 to 0.085. | 