The forex markets are rather mixed today as traders are holding their bets ahead of signing of US-China trade deal phase one. Sentiments turned softer after US indicated that tariffs will stay in place before conclusion of phase two. But the impact is so far limited. Sterling pares back some losses as markets now await inflation data from UK. For the week, Yen is currently the weakest one, followed by New Zealand Dollar. Swiss Franc is the strongest, followed by Euro.

Technically, USD/CHF could be a focus today as it’s heading to 0.9646 support. Break will resume larger down trend from 1.0237 and target 0.9445 projection level. Correspondingly, after yesterday’s downside breakout, EUR/CHF is on track to 1.0648 projection level. GBP/CHF’s fall from 1.3310 resistance is also in favor to 1.2299 fibonacci level. We’ll see if Swiss could extend recent broad based strength.

In Asia, Nikkei closed down -0.45%. Hong Kong HSI is down -0.51%. China Shanghai SSE is down -0.35%. Singapore Strait Times is down -0.42%. Japan 10-year JGB yield is down -0.0051 at 0.011, staying positive. Overnight, DOW rose 0.11%. S&P 500 dropped -0.15%. NASDAQ dropped -0.24%. 10-year yield dropped -0.030 to 1.818.