Yen's rally resumes today while overall market sentiments are mixed. Asian stocks are treading water but US benchmark yield takes another dive. Swiss Franc is following as the second strongest for now. On the other hand, commodity currencies are trading broadly lower, as led by Aussie. Euro and Sterling are mixed. Main focuses will now turn to German ZEW economic sentiment and US PPI. Technically, we'd pay some attention to Gold today, as it now in proximity to 1388.79 key near term resistance again. Decisive break there will finally affirm the case that whole correction from 2074.84 has completed. Stronger rally would be seen to 1916.30 resistance for confirmation. That might come together with some selloff in Dollar elsewhere, in particular against Yen. But break of 1798.67 support will indicate another rejection by 1833.79 and bring near term reversal, which could be accompanied by rebound in Dollar. In Asia, at the time of writing, Nikkei is down -0.48%. Hong Kong HSI is down -0.08%. China Shanghai SSE is down -0.02%. Singapore Strait Times is down -0.27%. Japan 10-year JGB yield is flat at 0.061. Overnight, DOW rose 0.29%. S&P 500 rose 0.09%. NASDAQ rose 0.07%. 10-year yield rose 0.044 to 1.497. | 