 Risk aversion dominates in the Asian markets today as recession fears spread. But the currency markets are steady though. Major pairs and crosses are bounded inside Friday's range at the time of writing, with mild weakest in Sterling and Swiss Franc. After last week's poor Germany PMI manufacturing, investors will look into Ifo business climate today to gauge overall sentiments in the growth engine in Eurozone. Meanwhile, Brexit drama will resume in the Commons, after campaigns for second referendum gained momentum. Technically, USD/JPY broke 110.35 support, EUR/JPY broke 124.27 support, CAD/JPY broke 82.41 support last week. All suggested near term bullish reversal in Yen. Yen crosses will be watched closely this week to validate this case. Levels to watch include 143.72 in GBP/JPY and 77.44 in AUD/JPY. Also, EUR/CHF's steep decline last week raised the chance of medium term down trend resumption. Focus will be on 1.1173 low. In Asia, Nikkei is down -3.13%. Hong Kong HSI is down -1.78%. China Shanghai SSE is down -1.37 at 3061, still holding on to 3000 handle. Singapore Strait Times si down 01.39%. Japan 10-year JGB yield is down -0.0114 at -0.084. | 
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