Dollar falls broadly in early US session after data shows headline CPI slowed more than expected, which core inflation held steady. Yen is gaining most against the greenback for now, with extra help from falling treasury yields. But it's unsure for now long Yen's rally against others could last. Also, it's hard to say which currencies is taking most advantage, as they'll need some time to sort their positions out. Nonetheless, selloff in the greenback is for now the main them. Technically, USD/JPY's fall from 139.37 looks set to resume with current steep decline. Break of 132.50 will turn bias to the downside to 130.38 first. Further break there could prompt downside acceleration to 100% projection of 139.37 to 130.38 from 135.57 at 126.58, which is close to 126.25 structural support. Such development could help cap upside of other Yen crosses in case of their recoveries. In Europe, at the time of writing, FTSE is up 0.21%. DAX is up 0.93%. CAC is up 0.65%. Germany 10-year yield is down -0.046 at 0.877. Earlier in Asia, Nikkei dropped -0.65%. Hong Kong HSI dropped -1.96%. China Shanghai SSE dropped -0.54%. Singapore Strait Times rose 0.47%. Japan 10-year JGB yield rose 0.0261 to 0.193. |