Daily Report: Yen Soft on Stock Rebound, Aussie Boosted by Employment Gain

[Forex-Outlook]

Japanese yen is broadly soft in Asian session today, following recovery in US and global equities. Gold also retreats from record high of 1249.2 as risk aversion recedes a bit. Commodity currencies are generally high but the strengthen is somewhat lagging behind the strength of rebound in stocks. Nevertheless, Aussie is recovering noticeably as supported by solid employment data from Australia. Dollar index continues to lose momentum and weakens mildly from yesterday's high. After all, markets are generally staying in range and we'd expect more consolidations in near term.

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