 Trade war escalations continue to be ignored by the markets in general. Dollar and Yen are staying as the weakest ones today. In particular, Yen is pressured additionally by sharp rally in US treasury yields over night. BoJ's announcement to stand pat on monetary policy triggered little reactions to the Japanese currency too. On the other hand, Australian Dollar is leading New Zealand and Canadian Dollar higher. Euro firmed up slightly against Dollar and Yen but lacks conviction. Overnight, DOW closed up 0.71% at 26246.96. S&P 500 gained 0.54% to 2904.31. NASDAQ rose 0.76% to 7956.11. Risk appetite continues in Asian session with Nikkei trading up 1.28% at the time of writing. Hong Kong HSI is up 0.97%. Singapore Strait Times is also up 0.60%. Even China Shanghai SSE is up 0.97% at 2726, back above 2700 handle. Gold is up slightly at 1201 but lacks momentum to take on 1214.30 resistance. Technically, EUR/USD still fails to break through 1.1733 resistance so far. Recovery is seen in USD/CHF while GBP/USD lost momentum after hitting 1.3165 projection level. There is prospect a pull back in European majors today. On the other hand, AUD/USD broke 0.7228 minor resistance while USD/CAD broke 1.2975 minor support. This suggests that commodity currencies are picking up more strength. | 
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