 Yen ended last week as the weakest one as the global markets were in full risk on mode. DOW finally made a new record high, together with S&P 500 and the strength is not limited to the US. Nikkei closed up 3.36% and is now very close to 24129.34 (2018 high). Even the China Shanghai SSE closed up 4.32%, just missing 2800 handle. It's the same in Europe with DAX gained 2.53% and CAC added 2.64%. Treasury yields across the Atlantic also soared with US 10-year yield reclaimed 3% handle. German 10 year bund yields also breached 0.5% but failed to stand firm above. The escalation of US-China trade war was largely ignored by the markets. Dollar ended as the second weakest one. New Zealand Dollar and Australia Dollar, two currencies most sensitive to US-China trade tensions, were the best preforming ones. Meanwhile, Sterling was the third weakest as Brexit negotiation is now at an impasse after the informal EU summit in Austria. | 
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