Dollar is under some pressure as falling treasury yield is weighing down the greenback. Canadian Dollar is even weaker as WTI oil price breaches 70 handle again. New Zealand and Australian Dollars are the stronger ones but gains are limited. The post RBA lift on Aussie is so far short-lived. Swiss Franc is actually taking the spotlight, extending near term rise against both Dollar and Euro. Technically, as USD/CHF is extending the fall from 0.9273, eyes is now on 109.05 support in USD/JPY. Break will resume the decline from 111.65. If that happens, we'd then pay attention to whether it's accompanied by break of 1.1907 resistance in EUR/USD, which signals Dollar selling. Or GBP/JPY would break of 151.59 minor support, which signals Yen buying. In Europe, at the time of writing, FTSE is up 0.18%. DAX is down -0.11%. CAC is up 0.77%. Germany 10-year yield is up 0.0049 at -0.480. Earlier in Asia, Nikkei dropped -0.50%. Hong Kong HSI dropped -0.16%. China Shanghai SSE dropped -0.47%. Singapore Strait Times dropped -0.38%. Japan 10-year JGB yield dropped -0.0118 to 0.010. |