Aussie and Kiwi firm up mildly in Asian session, following the rebound in risk markets. But overall, the currency markets are rather quiet, with major pairs and crosses stuck inside last week's range. Traders are probably holding their bets for now, and await today's BoE rate decision. Another big event of US non-farm payroll employment will come tomorrow. Technically, USD/CHF is making some progress and breaking 0.9598 minor resistance, which should confirm short term bottoming at 0.9468. Focuses will now be particularly on 1.0095 minor support in EUR/USD, 1.2062 minor support in GBP/USD, and 134.58 minor resistance in USD/JPY. Break of these levels would indicate a come back in Dollar. In Asia, at the time of writing, Nikkei is up 0.60%. Hong Kong HSI is up 1.45%. China Shanghai SSE is up 0.15%. Singapore Strait Times is up 0.15%. Japan 10-year JGB yield is down -0.0097 at 0.180. Overnight, DOW rose 1.29%. S&P 500 rose 1.56%. NASDAQ rose 2.59%. 10-year yield rose 0.007 to 2.748. |
