Dollar remains generally firm entering into US session, even though upside momentum is diminishing slightly against European majors. Meanwhile weakness in commodity currencies persists, with Aussie being the worst one. Yen is mixed for now but should remain vulnerable on exceptional strength in global benchmark treasury yields. Technically, focuses firstly stays on commodity-dollar pairs. In particular, break of 0.7455 minor support in AUD/USD and 1.2591 minor resistance would indicate more upside in the greenback, possibly on some deterioration in market sentiments too. At the same time, USD/JPY could also be ready to extend rebound from 121.27 to retest 125.09 high. Break of this high would indicate return to selling in Yen. In Europe, at the time of writing, FTSE is down -0.08%. DAX is up 0.61%. CAC is up 0.65%. Germany 10-year yield is up 0.0489 at 0.698. Earlier in Asia, Nikkei dropped -1.69%. Hong Kong HSI dropped -1.23%. China Shanghai SSE dropped -1.42%. Singapore Strait Times dropped -0.55%. Japan 10-year JGB yield dropped -0.0070 to 0.245. |