Dollar dropped broadly overnight as markets turned into mild risk-mode following FOMC rate decision. A better economic outlook was painted by the new economic projections. Yet, Fed is clear that it's not even considering tapering the asset purchases for now. DOW and S&P 500 rose to new record while 10-year yield also closed higher. Commodity currencies are currently the strongest ones for the week. Extra strength is seen in Aussie today after much stronger than expected job numbers. Focus will now turn to BoE rate decision. Technically, Australian Dollar could be a focus today. AUD/JPY's break of 84.93 resistance suggests resumption of up trend from 59.89. Next target is 100% projection of 59.89 to 78.46 from 73.13 at 91.70. Break of 0.7387 minor resistance in AUD/USD will indicate completion of the correction from 0.8006 and bring retest of this high. Break of 1.5250 in EUR/AUD will resume larger down trend from 1.9799. The development in AUD/USD and EUR/AUD could help solidify another round of up trend in Aussie. In Asia, currently, Nikkei is up 1.07%. Hong Kong HSI is up 1.46%. China Shanghai SSE is up 0.58%. Singapore Strait Times is up 1.14%. Japan 10-year JGB yield is up 0.0128 at 0.106. Overnight, DOW rose 0.58%. S&P 500 rose 0.29%. NASDAQ rose 0.40%. 10-year yield rose 0.020 to 1.641. | 