Overall markets are relatively quiet today so far. Yen continues to reverse this week's gain as risk sentiment appear to have stabilized. Dollar also softens while Sterling dips mildly after poor retail sales data. On the other hand, commodity currencies are recovering, as lead by Canadian, which is then supported as WTI oil price stays firm above 72 handle. Technically, USD/CAD could be a focus today as it's about time for a range break out. Break of 1.2760 will resume the rebound from 1.2492, to retest 1.2947 high. Also, as 1.2421 support was well defended below, larger rise from 1.2005 should still be in progress. Break of 1.2947 will confirm this bullish case. If that happens, we'd also see whether Dollar would also rise further elsewhere. In Asia, Nikkei closed up 0.58%. Hong Kong HSI is up 0.46%. China Shanghai SSE is up 0.05%. Singapore Strait Times is down -0.22%. Japan 10-year JGB yield is up 0.0057 at 0.051. Overnight, DOW dropped -0.18%. S&P 500 dropped -0.16%. NASDAQ rose 0.13%. 10-year yield rose 0.027 to 1.331. |