Canadian Dollar rises slightly after solid job data, but Dollar is also firm. The greenback is on track to end as the strongest one for the week, with help from extended rally in treasury yields. On the other hand, Sterling is under some selling pressures but Euro is still the worst performing one. Aussie is pressing a near term support against the greenback and break there could erase more of this week's gains. Technically, technically, a focus will be on USD/JPY before weekly close. Rebound from 121.27 is extending and should be targeting 125.09 resistance. Firm break there will resume larger up trend from 102.58. There is prospect for that to happen even before close, if the pre-market rally in US yields would sustain and extend. In Europe, at the time of writing, FTSE is up 1.09%. DAX is up 1.06%, CAC is up 0.95%. Germany 10-year yield is up 0.027 at 0.710. Earlier in Asia, Nikkei rose 0.36%. Hong Kong HSI rose 0.29%. China Shanghai SSE rose 0.47%. Singapore Strait Times dropped -0.62%. Japan 10-year JGB yield dropped -0.0071 to 0.238. |