 Yen opens the week broadly lower on rumors that current ultra-loose monetary policy would be maintained by the next BoJ governor. Meanwhile, markets are mixed elsewhere. Dollar is paring some gains after initial rally, but stays generally firm. Australian Dollar is trying to recover with other commodity currencies. Swiss Franc is slightly outperforming other European majors. The economic calendar is light today, and focuses will be on any other development surrounding the shoot-down of Chinese surveillance balloon by the US military. Technically, while AUD/CAD's correction from 0.9545 was deep, there is no change in the near term bullish outlook. Strong support would be seen between 55 day EMA (now at 0.9233) and 38.2% retracement of 0.8596 to 0.9545 at 0.9182 to contain downside to bring rebound, and then resumption of rise from 0.8596. But that would depend on the reactions to this week's RBA rate decision. In Asia, at the time of writing, Nikkei is up 1.06%. Hong Kong HSI is down -2.34%. China Shanghai SSE is down -1.01%. Singapore Strait Times is up 0.15%. Japan 10-year JGB yield is up 0.0042 at 0.495. | 
