 Dollar suffered a brief knee-jerk selloff after Fed raised interest rate as widely expected but stopped calling monetary policy as accommodative. But the greenback recovered as the overall announcement wasn't dovish at all. There were indeed more hawkish elements in the details of the new economic projections. For now, the greenback is the second strongest one for the week after Sterling. For today, the overall markets are rather mixed, except that Canadian Dollar is clearly suffering due to deadlock in NAFTA negotiations. Sterling also turned softer. Euro and Yen are trading as the strongest ones in Asia. In other markets, DOW closed down -0.40% after last hour selling. S&P 500 lost -0.33% and NASDAQ dropped -0.21%. Treasury yields dropped quite notably with 10 year yield down -0.041 at 3.061. 30 year yield was down -0.042 at 3.191. Both were rejected quite heavily by 3.115 and 3.255 key resistance levels respectively. In Asian, Nikkei is trading down -0.65%, Hong Kong HSI down -0.45% and China Shanghai SSE down -0.39%. Singapore Strait Times bucks the trend and is up 0.49%. Gold continues to gyrate in range of 1187.58/1214.30. Technically, the most notable development is USD/CAD's strong break of 1.2975 resistance yesterday. Key fibonacci level at 1.2879 was defended. Immediate focus in on 1.3063 and break will pave the way to 1.3225 resistance next. Yen is a currency to watch today as USD/JPY lost much momentum after failing to hit 113.17 key near term resistance. Break of 112.39 minor support will bring deeper pull back in USD/JPY and could drag down other Yen crosses. Meanwhile, Dollar is staying in range against Euro, Sterling and Australian Dollar. 1.1723 minor support in EUR/USD, 1.3042 in GBP/USD and 0.7228 in AUD/USD need to be broken to prove Dollar's bullish momentum. | 
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