Dollar and Yen remain generally weak today with main focuses on coronavirus infections news. It's still unsure if US President Donald Trump could be discharged form hospital today, but news regarding his coronavirus is so far positive. European Commission President Ursula von der Leyen had been tested negative for COVID-19, but she's in self-quarantine. These kind of news could come into headlines every now and then. Meanwhile, Swiss Franc and Euro are the stronger ones today, with Euro being supported by retail sales and investor confidence data. Australian Dollar is losing some gain, as traders turn cautious ahead of tomorrow's RBA rate decision. Technically, EUR/USD is now pressing 1.1769 minor resistance. Break will indicate resumption of rebound from 1.1612, and completion of corrective fall from 1.2011. EUR/JPY is also pressing 124.31 resistance. Break will resume the rebound from 122.37 and indicate completion of the fall from 127.07. We'll see if the breakouts in EUR/USD and EUR/JPY would result in a upside break of 105.80 resistance in USD/JPY, or downside breakout through 104.92 support. In Europe, currently, FTSE is up 0.70%. DAX is up 0.81%. CAC is up 0.91%. German 10-year yield is up 0.0123 at -0.521. Earlier in Asia, Nikkei rose 1.23%. Hong Kong HSI rose 1.32%. Singapore Strait Times rose 0.85%. Japan 10-year JGB yield rose 0.0052 to 0.026. China was on holiday. |
