Sterling and commodity currencies are back in driving seat on positive market sentiments. Nikkei rises sharply in Asian session, following another record close in DOW overnight. Treasury yields also appear to have settled in range after this week's central bank rhetorics. For now, Yen is the worst performing for the week, followed by Dollar. Aussie is the strongest, followed by the Pound. Technically, USD/CAD's break of 1.2574 minor support now puts 1.2466 low in focus. Break will resume larger down trend. Attention will turn to 1.4016 minor resistance in GBP/USD and 0.7837 minor resistance in AUD/USD. Break of these levels will put 1.4240 and 0.8008 resistance in focus respectively. Break there will further solidify the comeback of risk-on theme. In Asia, currently, Nikkei is up 1.57%. Hong Kong HSI is down -0.65%. China Shanghai SSE is up 0.14%. Singapore Strait Times is down -0.01%. Japan 10-year JGB yield is up 0.0134 at 0.119. Overnight, DOW rose 0.58%. S&P 500 rose 1.04%. NASDAQ rose 2.52%. 10-year yield rose 0.007 to 1.527. |