Yen's selloff resumes as another week starts on rising treasury yields while Asian stocks are mixed. European majors are also under some selling pressure, with Euro, Sterling and Swiss Franc steady among themselves. Meanwhile, Australian Dollar is performing well together with Dollar, trailed by Canadian and New Zealander. Gold dips notably on Dollar strength and oil price turns softer too. Bitcoin and ethereum ride on buying over the weekend and break through near term resistance. Technically, EUR/USD is extending near term pull back and it's heading back towards 1.0899 minor support. Break there should confirm completion of rebound from 1.0805 and bring retest of this low. Also, this should confirm rejection by 1.1120 support turned resistance, and thus, should set the stage for larger down trend resumption. To solidify Euro's weakness, EUR/CHF should also break through 1.0184 support to extend the fall from 1.0400 to retest 0.9970 low. In Asia, at the time of writing, Nikkei is down -0.58%. Hong Kong HSI is up 1.11%. China Shanghai SSE is down -0.07%. Singapore Strait Times is up 0.37%. Japan 10-year JGB yield is up 0.146 at 0.255. |
