Sterling steals the show today breaking through key resistance levels the Japanese Yen, and a near term low against Euro too. Dollar is trying to strengthen against Euro and Swiss Franc on strong retail sales, but momentum is sluggish elsewhere. There is no change in the selloff in Yen, just some more accelerations. Aussie and Kiwi are firm and are both set to end the week as the best performers. Technically, NZD/JPY has finally taken out 80.17 high to resume the up trend from 59.49. Next target is 61.8 projection of 59.49 to 80.17 from 74.54 at 87.32. We'd see when AUD/JPY would follow and break through 85.78 high eventually. In Europe, at the time of writing, FTSE is up 0.28%. DAX is up 0.52%. CAC is up 0.42%. Germany 10-year yield is up 0.0293 at -0.157. Earlier in Asia, Nikkei rose 1.81%. Hong Kong HSI rose 1.48%. China Shanghai SSE rose 0.40%. Singapore Strait Times rose 0.29%. Japan 10-year JGB yield dropped -0.0048 to 0.081. |