Yen dropped broadly overnight as US stocks rebounded and stays soft in Asian session. Canadian Dollar also pare back some losses as WTI crude oil recovered back above 70 handle. But overall markets are generally mixed in holiday mood. Euro is currently the strongest for the week, followed by Kiwi and Sterling. Yen is the weakest followed by Canadian and Dollar. Technically, we'll keep an eye on the development in WTI crude oil today. It looks like retreat from 73.66 is finished at 66.46 already. Break of 73.66 will resume the rebound from 62.90 to 100% projection of 62.90 to 73.66 from 66.46 at 77.22. Such development, if happens, could help Loonie rebound further. In Asia, at the time of writing, Nikkei rose is trading up 0.18%. Hong Kong HSI is up 0.33%. China Shanghai SSE is up 0.01%. Singapore Strait Times is up 0.08%. Overnight, DOW rose 1.60%. S&P 500 rose 1.78%. NASDSAQ rose 2.40%. 10-year yield rose 0.068 to 1.487. |