Yen is under some mild selling pressure today as China stocks lead Asian markets higher. While US 10-year yield failed to sustain above 2.4 handle overnight, it looks like recent decline has stabilized some what. And some more recovery in yield could be seen before quarter end. US-China trade negotiation is continuing in Beijing. But without specific news, it's largely ignored. New Zealand Dollar is recovering broadly, but it's just digesting this week's decline. Sterling is also generally higher, as range trading continues. The deciding factor will be the Brexit vote in the Commons later today. Technically, Dollar is one that's worth watching today. With yesterday's rebound. USD/JPY is now eyeing 110.95 minor resistance, break will indicate completion of the pullback from 112.13 and could bring stronger rise back to this resistance. EUR/USD is still on track to 1.1176 key support and break will resume medium term down trend. Break of 0.7056 minor support in AUD/USD and 1.3467 temporary top in USD/CAD could trigger upside acceleration against commodity currencies. In Asia, Nikkei is closed up 0.87%. Hong Kong HSI is up 0.90%. China Shanghai SSE is up 2.53%. Singapore Strait Times is up 0.51%. Japan 10-year JGB yield is down -0.0005 at -0.093. Overnight, DOW rose 0.36%. S&P 500 rose 0.36%. NASDAQ rose 0.34%. 10-year yield hit as high as 2.405, but closed at 2.389, up 0.015. |
No comments:
Post a Comment