 Overtone in the markets turned positive with the strong rebound in US stocks overnight, while Asia indexes follow higher. Australian Dollar is recovering broadly after RBA stood pat and gave nothing new to the markets. On the other hand, Yen is trading broadly lower for now, followed by Dollar and then Euro. It seems that investors are putting Omicron risks, and even the prospect of earlier Fed hike behind. Technically, our attention will be on Yen crosses. 113.94 minor resistance in USD/JPY is the first level to watch. Break there will suggest that pull back from 115.51 has completed after defending 112.71 support and bring retest of 115.51 high. Also, break of 128.77 minor resistance in EUR/JPY and 152.35 resistance in GBP/JPY would affirm selling momentum in Yen for the near term. In Asia, at the time of writing, Nikkei is up 1.98%. Hong Kong HSI is up 1.46%. China Shanghai SSE is up 0.12%. Singapore Strait Times is up 0.24%. Japan 10-year JGB yield is up 0.0177 at 0.059. Overnight, DOW rose 1.87%. S&P 500 rose 1.17%. NASDAQ rose 0.93%. 10-year yield rose 0.091 to 1.434. | 
