Dollar weakens mildly in early US session after big ADP job data miss. But Swiss Franc and Yen remain the weaker ones. Euro and Sterling firm up mildly. But they are outshone by Aussie and Loonie for the moment. Overall movements in the currency markets are limited, except in some Yen crosses. Traders are still generally cautious, awaiting more economic data from the US later in the weak. Technically, we'll turn our focus to some Yen crosses first, as Dollar's move might be half-hearted before non-farm payroll data. EUR/JPY is now eyeing 130.54 resistance. Decisive break there will suggest completion of corrective fall from 134.11 at 127.91. Outlook will be turned bullish for retesting 134.11. Similarly, firm break of 81.56 resistance in AUD/JPY will also suggest completion of correction from 85.78, and turn near term outlook bullish for retesting 85.78 high. In Europe, at the time of writing, FTSE is up 0.84%. DAX is up 0.45%. CAC is up 1.49%. Germany 10-year yield is up 0.0129 at -0.368. Earlier in Asia, Nikkei rose 1.29%. Hong Kong HSI rose 0.58%. China Shanghai SSE rose 0.65%. Singapore Strait Times rose 1.07%. Japan 10-year JGB yield rose 0.0044 to 0.031. |