 Dollar soars broadly in early US session after stronger than expected consumer inflation reading. Futures tumble while 10-year yield is back pressing 4% handle. Nonetheless, the greenback is overwhelmed by Pound on rumors that UK Prime Minister Liz Truss is going to further backtrack on the mini-budget. The eventual near term fate of Sterling will still depend on the extent Truss is retreating. Australian Dollar is leading commodity currencies lower, followed by Euro and Swiss Franc. Yen is steady overall, except versus Dollar of course. Technically, 10-year yield is resuming recent up trend. A big question is whether it could stay firm above 4% handle and close the week above there. If that happens, there is prospect of further upside acceleration until FOMC rate decision and release of new economic projection in early November. 61.8% projection of 2.525 to 3.992 from 3.568 at 4.474 is a bit far. But never say never. In Europe, at the time of writing, FTSE is down -1.40%. DAX is down -0.71%. CAC is down -1.32%. Germany 10-year yield is up 0.079 at 2.391. Earlier in Asia, Nikkei dropped -0.60%. Hong Kong HSI dropped -1.87%. China Shanghai SSE dropped -0.30%. Singapore Strait Times dropped -1.39%. Japan 10-year JGB yield dropped -0.0034 to 0.251. | 
