 The financial markets are rather steady in Asia today. Nikkei and and Singapore Strait Times are having notably rebounds. But China and Hong Kong stock markets are mixed. In the currency markets, Yen is the generally weaker one, followed by Sterling. Canadian Dollar and Swiss Franc are the stronger ones. But major pairs and crosses are bounded in Friday's range, indicating low volatility. Traders are apparently turning more cautious ahead of FOMC rate decision and economic projections to be released later this week. Technically, Friday's selloff in Euro and Swiss Franc were a bit disappointing. EUR/USD recovered just ahead of 1.1267 support, keeping in consolidation in established range. EUR/JPY was also held above "equivalent" support at 127.61. USD/CHF was also held well below 1.0008 resistance. These levels will continue to be watched today. Also, EUR/GBP is held in tight range between 0.8931/9098. We're favoring an upside break through 0.9098 for now. But a break of 0.8931 will indicate near term reversal in EUR/GBP. In other markets, Nikkei closed up 0.62% at 21506.88. Singapore Strait Times is rising 1.12%. But Hong Kong HSI is just up 0.04% and China Shanghai SSE is down -0.03%. Japanese 10 year JGB yield is down -0.0008 at 0.034. Gold's rebound last steady last week and is now back at 1237. WTI crude oil continues to consolidate in tight range above 50 handle. | 
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