 Dollar was sold off broadly overnight, as dragged down by falling treasury yields. Also, recent comments from Fed officials continued to affirm the "patient" monetary policy stance. While the greenback is trying to recover in Asian session today, there is no clear follow through buying. The greenback will look into FOMC minutes to be released later in US session. But the minutes are unlikely to provide any inspiration for a turnaround. Meanwhile, Yen is also under pressure today as Asian stocks extend recent rebound. Technically, GBP/USD's strong break of 1.2958 resistance suggests that pull back from 1.3217 has completed at 1.2773 already. Focus is back on 1.3174 key resistance. Decisive break there will be a strong sign of larger bullish reversal. EUR/USD's break of 1.1341 minor resistance also suggests more rebound towards 1.1514. USD/CAD also breached 1.3196 support which opens deeper decline aback to 1.3068 low. Overall, near term outlook in Dollar is turning bearish. In Asia, Nikkei closed up 0.60%. Hong Kong HSI is up 0.88%. China Shanghai SSE is up 0.16%. Singapore Strait Times is up 0.46%. Japan 10-year JGB yield is down -0.0037 at -0.033. Overnight, DOW rose 0.03%. S&P 500 rose 0.15%. NASDAQ rose 0.19%. 10-year yield dropped -0.019 to 2.647. 30-year yield dropped -0.006 to 2.991. One thing to note is that 5-year yield at 2.458, is below 6-month yield at 2.501. Yield curve is getting more inverted again. | 
