Asian markets are mixed as another week starts. Nikkei weakens, together with Yen, as data showed the Japan economy suffered worst contraction in six years. Singapore Strait Times is also mildly lower after the government downgrade this year’s growth forecast. Yet, China and Hong Kong stocks are trading mildly higher despite continuation of Wuhan coronavirus outbreak. The currency markets are also mixed too, with Kiwi trading as the weakest while Aussie is the strongest.

Technically, Euro is losing some intraday downside momentum in a slow session. But further fall remains in favor. Levels to watch include 1.0888 minor resistance in EUR/USD, 119.55 minor resistance in EUR/JPY, and 0.8386 minor resistance in EUR/GBP. As long as these levels hold, further fall is still in favor in Euro for the week ahead.

In Asia, Nikkei is currently down -0.84%. Hong Kong HSI is up 0.38%. China Shanghai SSE is up 1.37%. Singapore Strait Times is down -0.16%. Japan 10-year JGB yield is down -0.0033 at -0.035.

source_https://www.actionforex.com/