 Dollar is back under pressure against and focus turns to FOMC meeting. NASDAQ managed to break 10k level for the first time, and closed up 0.29% at 9953. But DOW and S&P 500 ended lower. Mixed trading in stocks carry on in Asian session. Yen continues to ride on pull back in treasury yields and stay as the strongest one for the week, followed by Swiss Franc. On the other hand, the greenback is so far the worst performing, followed by Aussie and then Canadian. Technically, it's still unsure how far the record run in NASDAQ could extend to. But as it goes, let it go. Some forex pairs are sort of preparing for a pull back in risk sentiment, but near term levels are not broken yet. We'll continue to monitor 74.40 minor support in AUD/JPY, 0.6856 minor support in AUD/USD, 79.95 minor support in CAD/JPY, 1.3572 minor resistance in USD/CAD. To a lesser extent, these levels will be watched too, 135.95 minor support in GBP/JPY, 1.6453 minor resistance in EUR/AUD, 1.0744 support in EUR/CHF. In Asia, Nikkei closed up 0.15%. Hong Kong HSI is down -0.04%. China Shanghai SSE is down -0.54%. Singapore Strait Times is down -0.01%. Japan 10-year JGB yield is up 0.0007 at 0.020. Overnight, DOW dropped -1.09%. S&P 500 dropped -0.78%. NASDAQ rose 0.29%. 10-year yield dropped -0.0055 to 0.829. |
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