Yen and Swiss Franc are trading mildly higher as the week starts. Heavy selling is seen in stock markets in Hong Kong and China. Yet, Japan came back from holiday with mild gains. Commodity currencies are generally soft, with Aussie leading the way down. Dollar and Euro are mixed for the moment. A focus today is whether the selloff in Hong Kong would spillover to European and US markets later in the day. Technically, USD/JPY's recovery form 109.05 is losing some upside momentum. But further rise is still likely as long as 110.00 minor support holds. However, break of 110.00 could be an indication of risk-aversion, which could be reflected in selling in other Yen crosses. We'll keep an eye on it if happens. In Asia, Nikkei closed up 0.95%. Hong Kong HSI is down -3.22%. China Shanghai SSE is down -2.34%. Singapore Strait Times is down -0.57%. Japan 10-year JGB yield is down -0.0031 at 0.013. | 