Dollar drops broadly after data shows declining headline consumer inflation in the US, and even quicker fall in core CPI. It's adding to the Fed's case that prior surge in inflation was just transitory. DOW futures responde rather positively to the news. Strengthening risk appetite could put Yen under some pressure too. Meanwhile, Sterling is currently the strongest one for today, but there is prospect of a rebound in commodity currencies today. Technically, GBP/USD's break of 1.3890 resistance suggests resumption of the rebound from 1.3601 for 1.3982. GBP/JPY is also extending the rise from 149.16 towards 153.42 resistance Break of these two levels will solidify near term bullishness for the Pound, and pave the way for further rally ahead. In Europe, at the time of writing, FTSE is down -0.16%. DAX is up 0.23%. CAC is down -0.31%. Germany 10-year yield is up 0.019 at -0.310. Earlier in Asia, Nikkei rose 0.73%. Hong Kong HSI dropped -1.21%. China Shanghai SSE dropped -1.42%. Singapore Strait Times rose 0.20%. Japan 10-year JGB yield dropped -0.0011 to 0.045. | 