Yen falls broadly in Asian session today after BoJ stands pat and even maintains a dovish bias. 10-year JGB yield also tumbles after BoJ reiterates the pledged to defend the cap. Dollar, on the other hand, rises broadly, and it's trading as the strongest one for the week so far. Euro and Sterling are the worst performers for the moment but selloff is picking up in Aussie and Kiwi too. Technically, Gold's decline finally resumed with some conviction. Fall from 1998.23 is seen as the third leg of the pattern from 2070.06 high. Deeper decline is expected as long as 1911.07 minor resistance holds. Next target is 100% projection of 2070.06 to 1889.79 from 1998.23 at 1817.98. The development affirms broad based strength in Dollar. In Asia, at the time of writing, Nikkei is up 1.52%. Hong Kong HSI is up 1.22%. China Shanghai SSE is up 0.25%. Singapore Strait Times is up 0.19%. Japan 10-year JGB yield is down -0.0252 at 0.225. Overnight, DOW rose 0.19%. S&P 500 rose 0.21%. NASDAQ dropped -0.01%. 10-year yield rose 0.046 to 2.818. |