Yen, Swiss Franc and Dollar turn softer with other markets trading in slightly upbeat tone. Traders are back to business as usual, after no substantial actions from China during the time US House Speaker Nancy Pelosi visited Taiwan. Australian Dollar is leading Canadian and Sterling higher. Euro is mixed for now. Focuses will turn to BoE rate decision tomorrow. Technically, one focus is now on AUD/JPY to gauge the chance of resumption in risk-on trades. Break of 93.30 minor resistance will argue that whole corrective pattern from 96.86 has completed with three waves down to 90.51. Further rally would be seen back to 95.68 resistance first. Break will argue that medium term up trend is ready to resume. In Europe, at the time of writing, FTSE is up 0.16%. DAX is up 0.22%. CAC is up 0.40%. Germany 10-year yield is up 0.065. Earlier in Asia, Nikkei rose 0.53%. Hong Kong HSI rose 0.40%. China Shanghai SSE dropped -0.71%. Singapore Strait Times rose 0.40%. Japan 10-year JGB yield rose 0.0130 to 0.190. |