Markets are relatively steady in Asian today, as traders are awaiting main events of BoC and Fed policy decisions. Asian stocks are treading water after weaker close in US overnight. Dollar remains the strongest one for the week, followed by Yen and then Canadian. Swiss Franc is currently the weakest, followed by New Zealand Dollar and then Euro. Aussie and Sterling are mixed.

Technically, the decline in Yen crosses are losing some downside momentum but there is no clear sign of bottoming yet. We’ll keep an eye on 130.07 minor resistance in EUR/JPY, 155.38 minor resistance in GBP/JPY and 82.07 minor resistance in AUD/JPY. As long as these levels hold, further decline would remain in favor in Yen crosses in general.



In Asia, at the time of writing, Nikkei is down -0.15%. Hong Kong HSI is up 0.16%. China Shanghai SSE is up 0.14%. Singapore Strait Times is up 0.85%. Japan 10-year JGB yield is down -0.0019 at 0.139. Overnight, DOW dropped -0.19%. S&P 500 dropped -1.22%. NASDAQ dropped -2.28%. 10-year yield rose 0.048 to 1.783.

source_https://www.actionforex.com/