Overall market sentiment stabilize in Asia today, with Nikkei leading other major indexes higher. Bitcoin is trading back above 20k, arguing that the climax of the crypto rout is over. In the currency markets, both Dollar and Yen are paring some recent gains while commodity currencies recover. But for the week, Yen is still the strongest, followed by the greenback and then Canadian. Aussie is the worst performer, followed by Kiwi and then Euro. Technically, EUR/USD is now in proximity to 2017 low at 1.0339. There is no sign of bottoming yet and break of this low is likely. The main question is whether downside momentum will pick up further, and the reaction to parity. This will be the main focus for the rest of May. In Asia, Nikkei closed up 2.55%. Hong Kong HSI is up 1.96%. China Shanghai SSE is up 0.58%. Singapore Strait Times is up 1.16%. Japan 10-year JGB yield is down -0.0059 at 0.245. Overnight, DOW dropped -0.33%. S&P 500 dropped -0.13%. NASDAQ rose 0.06%. 10-year yield dropped -0.104 to 2.817. | 