 In the wake of BoJ's decision to hold its monetary policy steady, we have seen an amplified sell-off in Yen, which is not surprising given the ongoing divergence in monetary policy with other major global central banks. The breaking of key levels in some crosses suggests that we might witness further declines in Yen, at least until Japanese authorities intervene once again. Dollar, closely tailing Yen, is also displaying weakness and is ranked as the second poorest performer of the week. Nevertheless, it's yet to be ascertained if the greenback's trajectory is now inversely linked with risk sentiment, reverting to its norm. On the other end of the spectrum, Australian Dollar is currently the week's top performer, but Euro is also trying to close the gap. The common currency has been buoyed by yesterday's rate hike by ECB and its hawkish economic projections. British Pound is holding up as the third strongest currency, as markets anticipate tightening by BoE next week. Meanwhile, Swiss Franc and New Zealand Dollar are showing a mixed performance, while Canadian Dollar is slightly on the softer side. Technically, Gold recovered after just brief to 1924.61, back above medium term channel support. Bullish convergence is seen in 4H MACD. Break of 1985.08 resistance will argue that corrective fall from 2062.95 has completed. In this case, stronger rebound would be seen back to retest 2062.95 high. If realized, this could be a confirmation signal more deeper decline in Dollar elsewhere. In Asia, Nikkei closed up 0.66%. Hong Kong HSI is up 1.00%. China Shanghai SSE is up 0.33%. Singapore Strait Times is up 0.57%. Japan 10-year JGB yield dropped -0.0187 to 0.413. Overnight, DOW rose 1.26%. S&P 500 rose 1.22%. NASDAQ rose 1.15%. 10-year yield dropped -0.068 to 3.728. | 
