 Dollar is trading with a mildly firm tone in Asian session today, riding on solid data from US released overnight. But there is no clear committed buying seen yet. Meanwhile, Australian and Canadian Dollars both turned weaker but New Zealand Dollar is trading higher broadly. Over the week, Yen is the weakest one with Aussie, while Swiss Franc is the strongest together with Euro. The overall picture in the forex market is rather mixed. Also, US indices hit new records highs overnight, but Asian markets are mixed. Technically, USD/JPY's break of 110.21 temporary top suggests resumption of recent up trend. Further rise would be seen to 110.89 projection level next. AUD/USD failed to sustain above 0.6930 minor resistance and could be heading back to 0.6849. AUD/NZD's recovery from 1.0315 should be finished at 1.0458. Further decline is likely back to 1.0315 and break there could be an early sign of more selling in Aussie elsewhere, like AUD/USD. In Asia, currently, Nikkei is up 0.49%. Hong Kong HSI is down -0.05%. China Shanghai SSE is up 0.24%. Singapore Strait Times is down -0.03%. Japan 10-year JGB yield is down -0.0024 at 0.009. Overnight, DOW rose 0.92%. S&P 500 rose 0.84%. NASDAQ rose 1.06%. 10-year yield rose 0.021 to 1.809. |
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