 Dollar continues to trade as the weakest one for today and the week. The chorus of Fed's "patience" rhetoric continued overnight with the top two men in Chair Jerome Powell and Vice Chair Richard Clarida. But the marginal impact in the markets seem to be diminishing. Stocks were just mildly lifted while there is no extended selloff in the greenback. Dollar will now look into today's CPI data for the needed stimulation for a rebound. Staying in the currency markets, Yen is following as the second weakest, then Sterling. Commodity currencies are generally higher, led by Australian Dollar today. Technically, one notable development is the strong rebound in EUR/CHF this week. Trading at 1.1339, focus is immediately on 1.1348 resistance. Break will confirm near term reversal after drawing support from 1.1173 low. And that should pave the way back to 1.1501 resistance. It should be about time Yen crosses finish the post flash crash rebound. USD/JPY seems to have taken the lead. EUR/JPY and GBP/JPY also continued to lose upside momentum. We'll see if there is revival of Yen strength before weekly close. In other markets, DOW extended recent rebound but closed up just 0.51% at 24001.92. Nevertheless, reclaiming 24k handle is a positive development. S&P 500 rose 0.45% and NASDAQ rose 0.42%. Treasury yields continued to display strength at the long end. 30-year yield rose 0.027 to 3.051. 10-year yield rose 0.003 to 2.731. But yield curve remains inverted from 1-year (2.615) to 2-year (2.578) to 3-year (2.549) and 5-year (2.568). In Asia, Nikkei is currently up 0.94%. Singapore Strait Times is up 0.48%. But Hong Kong HSI and China Shanghai SSE are up merely 0.19% and 0.11% respectively. | 
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