 Worries over Italy's budget takes center stage today. Italy 10-year yield hit as high as 2.812. On the other hand, German 10-year yield dived to as low as -0.131. US 10-year yield is also dragged down to as low as 2.364 so far. These are clearly signs of risk aversion even though stock market losses are limited for the moment. In the back, poor Chinese data also indicates that slowdown is resuming after a brief seasonal rebound in March. Weaker than expected US retail sales add to the concerns of investors in general. In the currency markets, Yen and Swiss Franc are back as the strongest ones for today, thanks to falling treasury yields in Germany and US. Dollar is following as third strongly, mainly thanks to weakness elsewhere. Sterling suffers renewed selling in early US session and is now the weakest one. Australian and New Zealand Dollar follow as next weakest. Technically, EUR/JPY and GBP/JPY resumed recent decline today by taking out 122.48 and 141.20 temporary lows. More decline is expected head. USD/JPY is holding above 109.02 temporary low for now, but could easily be dragged down by other Yen crosses. AUD/USD is extending recent fall with focus on 0.6913 fibonacci projection level. Decisive break there, with downside acceleration, will solidify the case for larger down trend resumption. GBP/USD's break of 1.2865 support should confirm near term reversal for 1.2391 low again. USD/CAD is staying in range as Canadian CPI was largely stable. In Europe, currently, FTSE is up 0.04%. DAX is down -0.93%. CAC is down -0.66%. German 10-year yield is down -0.051 at -0.0118. Italian 10-year yield is up 0.024 at 2.758. Earlier in Asia, Nikkei rose 0.58%. Hong Kong HSI rose 0.52%. China Shanghai SSE rose 1.91%. Singapore Strait Times dropped -0.15%. Japan 10-year JGB yield rose 0.001 to -0.05. | 
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