Dollar trades generally soft in Asian session but losses are so far limited. The greenback is actually still staying above last week's low against all but Yen and Kiwi. Major focus will turn to FOMC today and traders could finally commit to a direction, after getting Fed's new economic projections. As for today, euro is currently the second weakest, followed by Swiss Franc. Kiwi and Aussie are the strongest ones. Technically, USD/JPY remains an interesting one to watch today. It's now eyeing 105.10 support and break will trigger deeper fall to 104.18 low. It's unsure whether such development would drag down the Dollar, or other Yen crosses more which lifts the greenback elsewhere. Key levels to watch will be 124.44 support in EUR/JPY and 135.53 fibonacci level in GBP/JPY. We might see Dollar strengthens if the breaks of the levels in EUR/JPY and GBP/JPY prompt downside accelerations. In Asia, currently, Nikkei is up 0.16%. Hong Kong HSI is down -0.24%. China Shanghai SSE is down -0.24%. Singapore Strait Times is up 0.44%. Japan 10-year JGB yield is down -0.005 at 0.015. Overnight, DOW rose 0.01%. S&P 500 rose 0.52%. NASDAQ rose 1.21%. 10-year yield rose 0.008 to 0.679. |
No comments:
Post a Comment