Dollar rises sharply today and takes the Japanese Yen higher too. There is no clear stimulus for the moves as other markets are mixed. The technical development suggests that this week's retreat has completed already. New Zealand and Australian Dollar are currently the worst performing. But Euro and Sterling are not too far behind. Technically, now, focus will be immediately on 0.9237 resistance in USD/CHF, 1.1846 support in EUR/USD and 1.3785 support in GBP/USD. Break there will resume recent rise in Dollar. Also, eyes will be on 1760.71 support in Gold. Break will resume the fall from 1916.30 and double confirm breakout in Dollar elsewhere. In Europe, at the time of writing, FTSE is up 0.48%. DAX is up 1.12%. CAC is up 0.60%. Germany 10-year yield is up 0.025 at -0.163. Earlier in Asia, Nikkei dropped -0.81%. Hong Kong HSI dropped -0.94%. China Shanghai SSE dropped -0.92%. Singapore Strait Times dropped -1.20%. Japan 10-year JGB yield dropped -0.0008 to 0.060. |