 Yen and Dollar trades mildly firmer today as markets turn cautious ahead of Trump-Kim summit. But the biggest risks could lie on US Trade Representative Robert Lighthizer's testimony at the House Ways and Means Committee. After Trump postponed trade truce deadline with China "indefinitely", there is added optimism on a deal between the two countries. But so far there is little details on what would be agreed. Lighthizer's testimony might finally reveal something concrete, rather than just definitions of MOUs. Staying in the currency markets, European majors are the weakest ones as led by Euro. But if should be noted that Sterling is only digesting this week's strong gains. For the week, Sterling remains overwhelmingly the strongest one. While there is no sign of having an approvable Brexit deal yet, no-deal scenario is a big step further away. It will now take explicit consent in the Commons, by a vote on March 13, to trigger no-deal Brexit. Otherwise, it's more likely that Article 50 will be extended for a short, limited time. Technically, EUR/USD's break of 1.3171 resistance confirmed resumption of rebound from 1.1234, further rise is now in favor towards 1.1514 resistance. But such rebound is viewed as a leg inside the consolidation pattern from 1.1215 after all. USD/CHF will have at 0.9981 temporary low again and Swiss Franc might follow Euro higher. Yesterday GBP/USD has taken out 1.3217 resistance while EUR/GBP broke 0.8617 key support. Technical development in both pairs favor more upside in the pound. In Asia, Nikkei closed up 0.50%. Hong Kong HSI is down -0.21%. Shanghai SSE is down -0.40%. Singapore Strait Times is down -0.16%. Japan 10-year JGB yield is up 0.0043 at -0.021. Overnight, DOW dropped -0.13%. S&P 500 dropped -0.08%. NASDAQ dropped -0.7%. 10-year yield dropped -0.037 to 2.636. 30-year yield dropped -0.028 to 3.006. 3% handle looks vulnerable again. | 
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