Dollar broke out to the upside overnight following hawkish Fed hike. At the same time, it's closely trailed by Swiss Franc for now, on geopolitical risks. Risk aversion is also keeping Yen afloat in crosses, despite strong rally in treasury yields. For now, Kiwi is the worst performer for the performer among the weak commodity currencies. But Euro is not too far behind as Ukraine war could drag on further with Russian's military mobilization. Technically, USD/JPY is resuming recent up trend with a break of 144.98 resistance today, follow BoJ rate decision. Near term outlook will stays bullish as long as 142.63 support holds. Next target is 1998 high at 147.68. Momentum towards the level, and reactions from there are worth a watch, on hint on whether Japan is ready for taking actual actions on intervention. In Asia, Nikkei closed down -0.53%. Hong Kong HSI is down -1.93%. China Shanghai SSE is down -0.34%. Singapore Strait Times is down -0.25%. Japan 10-year JGB yield is down notably by -0.0256 at 0.236. Overnight, DOW dropped -1.70%. S&P 500 dropped -1.71%. NASDAQ dropped -1.79%. 10-year yield rose dropped -0.061 to 3.510. |