 Yen is trading with an undertone today despite mixed risk markets. Treasury yield is a factor weighing on Yen again, with US 10-year yield staying firm around 0.73 handle. Germany 10-year is also back above -0.4% handle. US stocks open slightly lower, following mild weakness in Europe, but that's just a mild retreat. Euro and Canadian Dollar are the relatively stronger ones for now. Dollar is mixed as the recovery attempt is relatively short-lived. Aussie is also mixed, awaiting tomorrow's RBA guidance. Technically, EUR/USD is now close to 1.1965 resistance, break there will resume larger rise from 1.0635. We'll see if that would drag down the greenback elsewhere. But at this point, it looks like Euro buying is the main driving force with EUR/JPY also close to 126.75 resistance. EUR/GBP also recovers with eyes on 0.8974 minor resistance. In other markets, currently, DOW is down -150 pts. In Europe, FTSE is down -0.61%. DAX is down -0.24%. CAC is down -0.43%. German 10-year yield is up 0.019 at -0.390, back above -0.4 handle. Earlier in Asia, Nikkei rose 1.12%. Hong Kong HSI dropped -0.96%. China Shanghai SSE dropped -0.24%. Singapore Strait Times dropped -0.28%. Japan 10-year JGB yield dropped -0.0082 to 0.053. |
No comments:
Post a Comment