US stocks surged to new records overnight despite Fed's tapering announcement. Positive sentiments also continued in general in Asia. Dollar remains mixed for now and traders are probably awaiting tomorrow's non-farm payroll report before taking a commitment. Focus will now turn to BoE rate decision, as Sterling is trading with an undertone. Technically, The general pull back in major global benchmark yield is capping Yen crosses's rally attempts. But judging from the structure of the price actions, the crosses are clearly in consolations and upside breakouts are in favor, just when. We'd pay close attention to 133.44 resistance in EUR/JPY, 158.19 resistance in GBP/JPY and 93.00 resistance in CADP/JPY to gauge the timing of the breakouts. In Asia, at the time of writing, Nikkei is up 0.75%. Hong Kong HSI is up 0.27%. China Shanghai SSE is up 0.59%. Japan 10-year JGB yield is down -0.009 at 0.075. Overnight, DOW rose 0.29%. S&P 500 rose 0.65%. NASDAQ rose 1.04%. 10-year yield rose 0.030 to 1.579. | 