 Dollar and Yen are pressured by all other major currencies throughout the day. The greenback continues to be weighed down by Trump's attack on Fed, and Jerome Powell personally, regarding rate hikes. Nonetheless, the greenback is showing a little sign of stabilization and sell focus turns to Yen. At the time of writing, Swiss Franc is trading as the strongest one, followed by New Zealand Dollar and then Sterling. Euro pares back some of earlier gains and trades mixed, But for now, there is little sign for Dollar to start a real come back yet. Dollar could look into Jackson Hole symposium for some inspirations to regain strengthened We find two areas where "expansive money" Fed chair Jerome Powell's comments might trigger volatility. That is, will there be early end of balance sheet reduction. And, will Fed return to pre-crisis channel system monetary policy? More in this report. Jackson Hole Symposium Preview: Two Questions on Fed's Monetary Policy. The stock markets are relatively steady. At the time of writing, CAC is up 0.79% and DAX is up 0.69%. FTSE reversed earlier loss and is trading flat. 10 year Italian yield is down -0.072 at 2.965. 10 year German bund yield is up 0.020 at 0.326. Narrowing German-Italian yield spread is an indication of easing concerns over Italy. Earlier in the day, Nikkei ended up 0.09%, Hong Kong HSI rose 0.56%, China Shanghai SSE gained 1.31%, Singapore Strait Times dropped -0.15%. Technically, whether S&P 500 will have a take on 2827.87 record high is a focus today. Gold's seems to have lost some momentum in its recovery. It hit 1196.37 earlier today but lacks follow through buying to push through 1200 handle. It's now back pressing 1190. USD/JPY recovers after a brief breach of 109.90 fibonacci level. We'll see if it can build on the rebound to reverse the near term corrective fall. | 
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