 Sterling rises broadly today despite dovish comments from a BoE policymaker. Sentiment towards the Pound is likely support by declining trend in delta variant infections. Other European majors are also firm together with Yen. On the other hand. Dollar is currently the weakest one, followed by commodity currencies. Traders are turning more cautious on the greenback ahead of FOMC meeting later in the week. Aussie and Kiwi are weighed down by heavy selloff in China stocks. Technically, GBP/JPY's rebound from 148.43 resumed after brief retreat and it's heading back to 153.46 resistance. Similarly GBP/USD's rebound has resumed and could be heading back to 1.3908 resistance. Break there will argue that whole decline from 1.4248 has completed at 1.3570 and pave the way to retest 1.4248 high. We'll see if Sterling could sustain current upside momentum. In Europe, at the time of writing, FTSE is down -0.03%. DAX is down -0.23%. CAC is up 0.07%. Germany 10-year yield is up 0.004 at -0.414. Earlier in Asia, Nikkei rose 1.04%. Hong Kong HSI dropped -4.13%. China Shanghai SSE dropped -2.34%> Singapore Strait Times dropped -0.57%. Japan 10-year JGB yield rose 0.0009 to 0.017. | 
