Dollar is generally firmer as markets enter into US session. Futures point to a flat open, but investors are clearly on guard of selloff before the weekend. Cautiousness is keeping Yen afloat too, even though Swiss Franc is lagging behind. As for today, Sterling is the worst performing one, followed by Swiss, and then Aussie. Technically, Dollar and Yen pairs are the focuses from now till early next week. In particular, break of 129.47 minor support in EUR/JPY and 150.75 minor support in GBP/JPY would indicate short term topping. Yen cross could be staging a generally correction, probably except USD/JPY. Another focus will be how EUR/USD would breakout from range of 1.1834/1989. For now, downside breakout in EUR/USD is mildly in favor. In Europe, currently, FTSE is down -1.03%. DAX is down -0.62%. CAC is down -0.75%. Germany 10-year yield is down -0.0285 at -0.288. Earlier in Asia, DOW dropped -1.41%. Hong Kong HSI dropped -1.41%. China Shanghai SSE dropped -1.69%. Singapore Strait Times dropped -0.10%. Japan 10-year JGB yield rose 0.0092 to 0.116. |
