 The markets are relatively quiet in Asia today. Yen is steady after BoJ stands pat as widely expected. Yet, there is some upside prospect for Yen if global benchmark yields continue to correct lower. Dollar remains the worst performer and today's PCE inflation data is unlikely to save it. Traders would more likely look beyond the data to next week's FOMC decision and guidance. There is so far no extended selloff in Euro after the post-ECB dip. Commodity currencies are firmer but lack follow through buying too. Technically, US 10-year yield's close below 3.992 resistance turned support argues that it's already correcting the rise from 2.525 to 4.333. There is prospect of deeper pull back towards 55 day EMA (now at 3.624). If happens, that could help drag down Yen pairs, in particular USD/JPY towards 55 day EMA (now at 143.52). In Asia, at the time of writing, Nikkei is down -0.77%. Hong Kong HSI is down -2.73%. China Shanghai SSE is down -1.25%. Singapore Strait Times is up 1.64%. Japan 10-year JGB yield is down -0.0116 at 0.242. Overnight, DOW rose 0.61%. S&P 500 dropped -0.61%. NASDAQ dropped -1.63%. 10-year yield dropped -0.078 to 3.937. | 
