 The forex markets are generally steady in Asian session today. Risk sentiments firmed up mildly in Asia with gains seen in major indices. In particular, China's Shanghai SSE is back above 2900 handle with around 0.9% gain. The moves are reflect in strength in Australian, New Zealand and Canadian Dollars. Meanwhile, Swiss Franc and Yen are the softest for today so far. Nevertheless, technically, the retreats in Yen and Swiss Franc are nothing more than part of near term consolidations only. In particular, USD/JPY and EUR/JPY are still on track to retest recent low at 109.02 and 122.08 respectively, despite losing some downside momentum. Notable recovery was seen in EUR/CHF and USD/CHF yesterday, probably as relief reaction to European elections. But the recovery quickly lost steam. There is no confirmation of reversal in both Franc pairs. Judging from theses, risk aversion is still ready to come back any time. In Asia, Nikkei is currently up 0.45%. Hong Kong HSI is up 0.49%. China Shanghai SSE is up 0.89%. But Singapore Strait Times is down -0.19%. Japan 10-year JGB yield is down -0.009 at -0.075. |
No comments:
Post a Comment