Sterling surges broadly today after BoE Governor criticized that negative interest rates have a lot of issues. Commodity currencies are currently the next strongest, reversing some of this week's pull back. On the other hand, Dollar is now the weakest one for the day, as the near term recovery lost momentum. Yen and Euro are the next weakest for the moment. Technically, focus remain on whether USD/CHF would break through 0.8918 resistance, and whether USD/JPY would break through near term channel. Or, the two pairs would be rejected to end near term recovery. Another focus is whether the Pound would solidify today's rally. GBP/JPY has already broken 141.34 temporary top. 1.2118 resistance in GBP/CHF will be watched. In Europe, currently, FTSE is down -0.74%. DAX is down -0.10%. CAC is down -0.19%. Germany 10-year yield is up 0.021 at -0.473. Earlier in Asia, Nikkei rose 0.09%. Hong Kong HSI rose 1.32%. China Shanghai SSE rose 2.18%. Singapore Strait Times dropped -0.23%. Japan 10-year JGB yield dropped -0.0022 to 0.037. |