 Investors are back in risk-off mode after a week of volatility. Yen is rising broadly, followed by Swiss Franc and Dollar. On the other hand, commodity currencies are back under some pressure. Euro and Sterling are both mixed. The question is whether pre-weekend selloff in stocks would intensify and push Yen and Franc to end as the strongest ones. Technically, USD/JPY's breach of 113.21 minor support is a sign that it's resuming the corrective fall from 115.51. We'll see if it would close below 112.52 support to set up for more decline next week. At the same time, we'll also monitor if USD/CHF would break through 0.9156 support to align with the outlook too. In Europe, at the time of writing, FTSE is up 0.04%. DAX is down -1.05%. CAC is down -1.27%. Germany 10-year yield is down -0.030 at -0.378. Earlier in Asia, Nikkei dropped -1.79%. Hong Kong HSI dropped -1.20%. China Shanghai SSE dropped -1.16%. Singapore Strait Times dropped -0.55%. Japan 10-year JGB yield rose 0.0058 to 0.050. | 
