Dollar and Yen retreat as markets enter into US session. Stock markets are staging a mild rebound in Europe, while US futures also point to higher open. Treasury yields also recovered from earlier decline, with US 10-year yield back above 1.4 handle at the time of writing. New Zealand Dollar leads Australian and Sterling higher. But overall, major pairs and crosses are bounded inside Friday’s large range.

Technically, Dollar is likely turning into some brief consolidations. Though, there is no sign of bottoming, nor sustainable pull back. Recent rise should resume sooner rather than later as long as some 4 hour 55 EMA holds. The EMAs now stand at 1.2036 in EUR/USD, 1.4018 in GBP/USD, 0.7634 in AUD/USD, 0.9073 in USD/CHF, 1.2238 in USD/CAD.

In Europe, at this time of writing, FTSE is up 0.19%. DAX is up 0.65%. CAC is up 0.24%. Germany 10-year yield is up 0.018 at -0.180. Earlier in Asia, Nikkei dropped -3.29%. Hong Kong HSI dropped -1.08%. China Shanghai SSE rose 0.12%. Singapore Strait Times dropped -0.84%. Japan 10-year JGB yield dropped -0.0147 to 0.045.

Source: www.actionforex.com