 It appears that the global economy is now running at two different speed. US is maintaining firm momentum despite all the uncertainties and slowdown elsewhere. Strong corporate earnings provide evidence on underlying resilience. While global central banks are turning cautious or even dovish, there is little pressure for Fed to reverse course yet. Dollar and Yen are the two strongest one for the week. US assets are given a strong boost on flight-to-quality flows. US stocks digested some of recent gains overnight, but S&P 500 and NASDAQ remained closed to record highs. US 10-year yield dived notably by -0.048 to 2.522 after being rejected by 2.6 handle just days again. This indicates strong demand for US treasuries. Dollar also surge through key resistance level against Euro. On the other hand, Yen is some what boosted by flight-to-safety flows. In particular, German 10-year yield turned negative again for the first time since April 12. US yields also tumbled. Even though Asian stocks remain resilient, fall in global yields is enough to give Yen a race with Dollar as the strongest. Technically, EUR/USD's break of 1.1176 key support finally indicates resumption of medium term down trend from 1.2555. USD/CAD's break of 1.3467 resistance now puts 1.3664 high into focus. Break will resume medium term up trend from 1.2061. AUD/USD is pressing 0.7003 key support and break will resume fall from 0.7295 towards 0.6722 flash crash low. No clear direction is seen in USD/JPY yet as it spiked through 112.13 briefly but pulled back almost immediately. In Asia, Nikkei closed up 0.48%. Hong Kong HSI is down -0.54%. China Shanghai SSE is down -2.23%. Singapore Strait Times is down -0.17%. Japan 10-year JGB yield is up 0.0041 at -0.032. Overnight, DOW dropped -0.22%. S&P 500 dropped -0.22%. NASDAQ dropped -0.23%. 10-year yield dropped -0.0048 to 2.522. | 
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