Yen is trading softer in otherwise quiet markets today with Hong Kong and China on Holiday. Yen is indeed also the weakest one for the week following rebound in global treasury yields. For now, Swiss Franc is the second weakest for the day, followed by Dollar. Sterling is again strong one in Asian session but it could face some selling pressure again later in the day. Australian Dollar is also firmer, in established range. Developments regarding US-China trade negotiations remained pretty much the same. News are positive with concrete details. A deal is told to be likely soon, but without specifying how soon is soon. Across the Atlantic, works are in progress to avert no-deal Brexit as April 12 cliff edge looms. Market focus would turn to job data from US and Canada. In Asia, Nikkei is currently up 0.32%. Singapore Strait Times is up 0.18%. China and Hong Kong are on holiday. Japan 10-year JGB yield rose 0.010 to -0.029. Overnight, DOW rose 0.64%. S&P 500 rose 0.21%. NASDAQ dropped -0.05%. 10-year yield dropped -0.005 to 2.512, staying above 2.5 handle. |
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