Euro's rebound stalls after ECB policy announcement, mainly because risk markets turned softer again. Another round of negotiations between Russia and Ukraine failed and Russia will clearly continue its attack. Dollar is trading slightly higher after CPI came in expected, extending its run on making multi-decade high. Though, as for the day, Aussie is leading commodity currencies higher, Swiss Franc and Yen are weak. Technically, we'll keep focusing on USD/JPY as it should be ready to break through 116.34 to resume the larger up trend to 118.65 resistance. Also, focus will be on whether EUR/USD would be firmly rejected by 1.1120 resistance, to retain its near term bearishness. In Europe, at the time of writing, FTSE is down -1.37%. DAX is down -2.92%. CAC is down -2.68%. Germany 10-year yield is up 0.057 at 0.275. Earlier in Asia, Nikkei rose 3.94%. Hong Kong HSI rose 1.27%. China Shanghai SSE rose 1.22%. Singapore Strait Times rose 1.42%. Japan 10-year JGB yield closed flat at 0.192. |
