 Dollar was sold off overnight as stock markets extended rebound. But there is no clear downside breakout in the greenback yet. For now, Sterling is the strongest one for the week as political situation in the UK appears to have stabilized. Euro is the second best as helped by rally against Swiss Franc. Dollar is just the third weakest, following Yen and Kiwi. Canadian Dollar is mixed and will look forward to today's BoC rate decision for guidance. Technically, focus is back to 0.9998 resistance in EUR/USD and 1.1494 resistance in GBP/USD. Firm break of these levels will confirm resumption of rebound from 0.9534 and 1.0351 respectively. If happen this could be a signal of more Dollar weakness elsewhere. In particular, USD/CAD could then be dragged through 1.3501 support. But then, another scenario would be upside break out in EUR/JPY and GBP/JPY through 148.38 and 170.07. Let's see. In Asia, at the time of writing, Nikkei is up 1.06%. Hong Kong HSI is up 2.17%. China Shanghai SSE is up 1.42%. Singapore Strait Times is up 0.99%. Japan 10-year JGB yield is down -0.0046 at 0.252. Overnight, DOW rose 1.07%. S&P 500 rose 1.63%. NASDAQ rose 2.25%. 10-year yield dropped -0.126 to 4.108. | 
