 Yen is back under pressure again today as Asian stock markets extend this week's rally. Stronger than expected Chinese services data is lifting sentiments. Meanwhile, there is somewhat some optimism on US-China trade negotiations, which is restarting in Washington today. International organizations continued to give warnings on global slowdown, including IMF, WTO and Asian Development bank. But their messages are largely ignored by investors. Staying in the the currency markets, Australian Dollar is the strongest on for today so far, lifted by much stronger than expected retail sales data. At least, relative resilience in consumption could give RBA more time to wait and see before deciding to cut interest rates. New Zealand Dollar follows as the second strongest. In Asia, Nikkei closed up 0.97%. Hong Kong HSI is up 0.91%. China Shanghai SSE is up 0.57%. Singapore Strait Times is up 0.86%. Japan 10-year JGB yield is up 0.0244 at -0.043, still negative. Overnight, DOW dropped -0.30%. S&P 500 rose 0.00%. NASDAQ rose 0.25%. 10-year yield dropped -0.016 to 2.481. | 
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