Yen picks up some upside momentum again today while the forex markets continue to flip-flop elsewhere. Australian Dollar turn softer, followed by Canadian and Swiss Franc. Kiwi is the second strongest next to Yen, followed by Sterling and Dollar. For the week, Yen remains the strongest one. There is potential for further rally should stocks head south before close. Technically, Australian Dollar weakens quite notably in some crosses. AUD/JPY's fall from 78.46 resumes today and should be heading to 75.55 support next. Break there will solidify the case that it's already in correction to whole rise from 59.98. AUD/NZD also broke 1.0814 support, finally resumes the corrective fall from 1.1043, towards 1.0565 support. In Europe, currently, FTSE is down -0.51%. DAXC is up 0.14%. CAC is down -0.59%. Japan German 10-year yield is down -0.0104 at -0.501. Earlier in Asia, Nikkei rose 0.18%. Hong Kong HSI rose 0.47%. China Shanghai SSE rose 2.07%. Singapore Strait Times dropped -0.12%. Japan 10-year JGB yield rose 0.0013 to 0.015. |
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