 Yen's weakness is currently a clearer development in the rather indecisive markets. Germany and UK benchmark yields are extending near term rally while US 10-year yield stands firm above 3.7%. On the other hand, 10-year JGB yield is still capped by BoJ imposed ceiling. Dollar is mixed for now after traders refused to commit over yesterday's CPI data. On other hand Sterling looks ready to ride on any upside surprise in today's consumer inflation data. A question is whether the Pound's rally, if happens, could take Euro and Swiss higher, or pressured them. Technically, GBP/CHF is making some progress in breaking 1.1206 minor resistance. Upside acceleration today would add to the case that whole corrective pattern from 1.1574 has completed. 1.1433 resistance should be the next target. Firm break there will set the stage to resume larger rally from 1.0813 through 1.1574 later in the month. Let's see how it goes. In Asia, Nikkei closed down -0.42%. Hong Kong HSI is down -1.51%. China Shanghai SSE is down -0.47%. Singapore Strait Times is down -1.06%. Japan 10-year JGB yield is down -0.007 at 0.503. Overnight, DOW dropped -0.46%. S&P 500 dropped -0.03%. NASDAQ rose 0.57%. 10-year yield rose 0.044 to 3.761. | 
