Risk mood remains generally soft in Asian trading
That carries over from what we saw in US trading overnight as US Treasury yields continue to fall with 10-year yields hitting its lowest level since December 2017. Chinese stocks are also off the pace with the Shanghai Composite down by 0.7% while the Hang Seng is a tad lower by 0.1% currently.
Bonds look set to extend their rally on the week and that will keep risk sentiment on a more cautious mode as we begin the European morning. The yen stays underpinned with USD/JPY now at 110.08, closing in on the 110.00 handle.
Despite the softer tone across markets, the aussie and kiwi are holding up well with both currencies trading near the highs for the session; recovering slightly after yesterday's dip following the shift to a more dovish stance by the RBNZ.
