 Risk appetite is having a mild comeback in Asia today and commodity currencies are taking advantage of that. Meanwhile, Yen, Dollar and Sterling are also soft. The greenback shrugs off strong rebound in treasury yields overnight. Yen is weighed down mildly by BoJ's downgrade on exports outlook. Meanwhile, Sterling lacks direction after UK voted for seeking Brexit delay. Yet, it's uncertain what's next except there will be another meaningful vote on May's deal. Over the week, Sterling remains the strongest one. No-deal Brexit is now politically ruled out even though it's still technically possible. Canadian Dollar is the second, following up trend resumption in oil price. Yen is the weakest one, followed by Dollar, and then Aussie. In Asia, Nikkei is trading up 0.98%. Hong Kong HSI is up 0.95%. China Shanghai SSE is up 1.54%, back above 3000 handle. Singapore Strait Times is up 0.29%. Japan 10-year JGB yield is up 0.0058 at -0.035, still negative. Overnight, DOW rose 0.03%. S&P 500 dropped -0.09%. NASDAQ dropped -0.16%. 10 year yield rose 0.019 to 2.630. 30-year yield rose 0.035 to 3.045. Let's see if 30-year yield could extend the strong rebound before weekly close. |
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