 Dollar is trading broadly higher today, trying to recovery some of last week's losses. New Zealand Dollar follows closely, which Canadian Dollar is also a close third. Yen and Australian Dollar are taking turns to be the weakest ones. Mildly risk appetite is pressuring both Yen and Swiss Franc. But Asian markets have been generally quite as Lunar New Year approaches. Australian Dollar is weighed down by poor housing data. There is more downside potential for Aussie as RBA rate decision and statement looms. Technically, despite today's recovery, the greenback is held below near term resistance against Euro, Australian, Canadian and even Sterling. There is no clear sign of bottoming yet. The clearer development is probably found in the Japanese yen. EUR/JPY is extending recent rebound from 118.62. USD/JPY is likely set to take on 110.00 resistance too. We'd probably see more broad based rally in Yen crosses is risk appetite persists for the day. In other markets, Nikkei closed up 0.46%. Hong Kong HSI is up 0.21%. Singapore Strait Times is down -0.13%. Japan 10-year JGB yield is up 0.0096 at -0.0011, staying negative. | 
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