 Yen and Swiss Franc are both under selling pressure following the strong rebound in global stock markets. While it's too early to conclude that risk appetite has returned from the shadow of Russia invasion of Ukraine, at least, the initial shock seemed to be digested well already. Euro is staging a strong rebound as traders would temporarily turn their eyes to ECB meeting today. Meanwhile, Dollar will look into today's CPI data for guidance. Technically, with repeated support from 55 day EMA, it's now getting much more likely that price actions from 116.34 are mere a near term consolidation pattern. Considering the structure, an upside breakout could be imminent and break of 116.34 will resume larger up trend towards long term resistance level at 118.65. That would be a focus for today. In Asia, at the time of writing, Nikkei is up 3.96%. Hong Kong HSI is up 1.26%. China Shanghai SSE is up 1.91%. Singapore Strait Times is up 1.34%. Japan 10-year JGB yield is up 0.0150 at 0.182. Overnight, DOW rose 2.00%. S&P 500 rose 2.57%. NASDAQ rose 3.59%. 10-year yield rose 0.076 to 1.948. | 
