The forex market came into live in European session with Euro and Swiss Franc surging broadly. On the other hand, Yen is soft despite resilience in JGB yield and mild risk aversion. 10 year JGB yield closed up 0.021 at 0.103.
Nikkei closed down -0.74%, Hong Kong HSI down -0.25%, China Shanghai SSE down -0.16%, Singapore Strait Times down -0.54%. In Europe, FTSE is flow. But DAX and CAC are down more than -0.1% at the time of writing.
An explanation for Yen’s softness is that traders could be preparing for disappointment from BoJ tomorrow.
Meanwhile, current development now put 0.9900 in USD/CHF into focus. Break there will resume the fall from 1.0067 and target 0.9856 support next.
EUR/GBP also staged a strong rebound and could be heading back to 0.8957 high.
