The forex markets remain relatively quiet today. Yen was lifted overnight by risk aversion as all major indices closed in red. Asian markets followed by opening down. But gain in the Yen are so far very limited. Even USD/JPY is still holding on to 109.14 minor support.
As for today, New Zealand Dollar is the strongest one after trade surplus came in larger than expected in December. Australian Dollar shrugs off sharp deterioration in NAB Business Conditions, which just had the largest monthly decline since global financial crisis. Sterling is the weakest one as traders await Brexit debate in the commons, and vote on plan B as well as amendments. Dollar is second weakest with eyes on US-China trade negotiations.
In Asia:
- Nikkei is down -0.24%.
- Hong Kong HSI is down -0.45%.
- China Shanghai SSE is down -0.49%.
- Singapore Strati Times is down -0.58%.
- Japan 10-year JGB yield is up 0.0032 at 0.003, turned positive.
Overnight:
- DOW dropped -0.84%.
- S&P 500 dropped -0.78%.
- NASDAQ dropped -1.11%.
- 10-year yield closed down -0.009 at 2.744.
