Asia marketsmixed; Nikkei under pressure from stronger yen, falling exports – CNBC
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“The dollar lost some of its momentum towards at the end of the week and with a relatively light U.S. calendar next week devoid of major market moving economic releases, we could see choppy trading,” Lien added.
The dollar index, which measures the greenback against a basket of currencies, pushed above the 95 level by Friday, touching levels not seen since late March, compared with levels as low as 94.329 in the first half of the week. On Monday, as of 10:20 a.m. HK/SIN, the index traded at 95.223
Elsewhere, the Australian dollar traded at $0.7233, with Weston saying the Aussie was “supported at $0.7210 and consolidation is seen.”
“This is the line in the sand for traders and a daily close below here suggests adding to short positions,” he said.
The heavily-weighted financials sub-index, which accounts for nearly half of the broader benchmark ASX 200, was down 0.7 percent, with some of the major banking stocks weighing. Shares of Westpac were down 0.56 percent.
Asia marketsmixed; Nikkei under pressure from stronger yen, falling exports – CNBC}