Markets open the week with risk-off sentiment, in particular in Japan. Australian and New Zealand Dollar are trading broadly lower as a result. On the other hand, Dollar is rising broadly. European majors are mixed together with Yen and Canadian. Technically, however, bother EUR/USD and USD/JPY are still bounded in established range even though Dollar is attempting to rise across the board. Attention will stay on 1.0470 support in EUR/USD and 131.24 resistance in USD/JPY. Break of these level will help confirm the underlying momentum in Dollar. In Asia, at the time of writing, Nikkei is down -2.40%. China Shanghai SSE is down -0.20%. Singapore Strait Times is down -0.17%. Japan 10-year JGB yield is up 0.0053 at 0.251. Hong Kong is on holiday. |