 Yen surges in Asian session as sentiments are knocked down hardly by US ban of European travellers. Global coronavirus cases jumped to 126,367 with 4633 deaths. Situation in Europe continue to worse, particular dire in Italy, cases in US also rose above 1,300. Nevertheless, new numbers in China, the origin of the global pandemic, are kept in low levels. Swiss Franc is currently the second strongest on risk aversion. Euro is following closely but it's subject to risks from ECB's coronavirus response package today. Australia Dollar is the weakest for today, followed by New Zealand. Canadian Dollar is just mixed. While oil price dip following US travel ban, it's held well above 27.50 low for now. Technically, GBP/JPY's break of 132.57 temporary low suggests fall resumption for retesting key level at 126.54. USD/JPY's breach of 103.22 minor support argues that recovery from 101.18 temporary is completed, and this level would be retested soon. EUR/JPY is likely heading back to 115.86/116.12 key support zone with today's steep decline. 0.6433 in AUD/USD remains a focus and break will confirm larger down trend resumption. In Asia, currently, Nikkei is down -5.23%. Hong Kong HSI is down -3.61%. China Shanghai SSE is down -1.34%. Singapore Strait Times is down -3.72%. Japan 10-year JGB yield is up 0.0198 at -0.043. Overnight, DOW dropped -5.86%. S&P 500 dropped -4.89%. NASDAQ dropped -4.70%. 10-year yield, however, rose 0.072 to 0.820. |
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