Yen was once again sold off broadly last week, following late rally in treasury yields despite disappointing US job report. Resilience in overall risk appetite also kept the Japanese currency pressured. Meanwhile, Euro followed as as distant second worst on selloff in crosses, as well as Dollar. New Zealand Dollar's weakness was a surprise as RBNZ did deliver the anticipated rate hike. On the other hand, Canadian Dollar jumped as the strongest, following both solid employment data and extended rise in oil prices. Australian Dollar was also helped by rally in coal price, even though RBA is set to lag behind major counterparts in exiting stimulus. Sterling was the third strongest one, on speculation that BoE could be forced to hike interest rate sooner. |