 Yen remains the strongest one for today even though risk aversion eased a bit ahead of long holiday weekend. Dollar is following as the second strongest, reversing a lot of post FOMC losses against Euro and Swiss Franc. Commodity currencies remain generally weak. But today, it's Canadian Dollar that's leading the way down. Stronger than expected Canada GDP data provided little help. The Loonie follows WTI crude oil lower, as the latter is now risking 45 handle. Technically, EUR/JPY is showing sign of downside acceleration and should have a take on 126.63 support soon. But for now, USD/JPY is holding on to 110.75 key fibonacci level and consolidates in tight range around 111.20. The development has actually dragged down EUR/USD. But EUR/USD is holding above 1.1364 minor support, so further rise remains mildly in favor. In other markets, in Europe at the time of writing, FTSE is down -0.05%, DAX is up 0.16%, CAC is down -0.06%. German 10 year yield is up 0.0162 at 0.249. Italian 10 year yield is up 0.0456 at 2.785. Earlier in Asia, Nikkei dropped -1.11%, Hong Kong HSI rose 0.51%, China Shanghai SSE dropped -0.79%, Singapore Strait Times dropped -0.15%. Japan 10 year JGB yield rose 0.0085 to 0.039. |
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