Dollar trades broadly higher overnight together with treasury yields on hawkish comments from Fed officials. The green back remains firm in Asian session today. Though, Aussie remains the strongest one for the week so far, followed by Kiwi. Euro is the worst performing one, followed by Yen and then Swiss Franc. Technically, EUR/USD's break of 1.0943 support argues that rebound from 1.0805 has completed at 1.1184 as a correction. Larger down trend from 1.2348 might be resuming through 1.0805. At the same time, attention will be on both USD/JPY and EUR/GBP. Break of 125.09 in USD/JPY will affirm the underlying strength in Dollar, as well as benchmark yield too. On the other hand, break of 0.8924 in EUR/GBP will solidify Euro's weakness, and bring retest of 0.8201 low. But of course, both could happen at the same time. In Asia, at the time of writing, Nikkei is down -1.63%. Hong Kong HSI is down -1.52%. China Shanghai SSE is down -0.29%. Singapore Strait Times is down -0.49%. Japan 10-year JGB yield is up 0.0217 at 0.233. Overnight, DOW dropped -0.80%. S&P 500 dropped -1.26%. NASDAQ dropped 2.26%. 10-year yield rose 0.144 to 0.2556. |
