Dollar's broad based rally continues into US session. The unexpected contraction of Q1 US GDP might give the greenback a little jitter. But it's unlikely to alter the up trend for now. As for today, Canadian Dollar is the second strongest Yen is the worst performing one on post-BoJ selloff. But Kiwi and Sterling also also weak. Euro and Swiss Fran are mixed together with Aussie. Technically, as Yen is back under pressure, some focus will be on CAD/JPY. The pull back from 102.93 should have completed at 98.98 already. Retest of 102.93 should be seen next and break will resume larger up trend. That could be a sign of more broad based selling in Yen, the should be followed by break of 95.73 high in AUD/JPY and 139.99 high in EUR/JPY. In Europe, at the time of writing, FTSE is up 0.85%. DAX is up 1.38%. CAC is up 1.22%. Germany 10-year yield is up 0.079 at 0.883. Earlier in Asia, Nikkei rose 1.75%. Hong Kong HSI rose 1.65%. China Shanghai SSE rose 0.58%. Singapore Strait Times rose 0.43%. Japan 10-year JGB yield dropped -0.0307 to 0.219. |