 Dollar is back under pressure following weakness in US stocks and yields overnight. But it remains largely in range, except versus Yen. Indeed, Yen buying seems to be picking up momentum again, in tandem with steep decline in Nikkei in Asian session. But risk aversion is having little impact on Australian Dollar, which ignores weaker than expected job data and strengthens broadly. Bond markets in Europe and US could guide the next move in the currency markets ahead. Technically, USD/JPY's break of 107.79 minor support suggests resumption of fall from 108.99. Break of 107.53 should bring retest of 106.78 low. EUR/JPY is set to test 120.78 and break will resume larger fall from 127.50, to 118.62 low. GBP/JPY is on track to 131.51 low. AUD/USD recovered after drawing support from 4 hour 55 EMA, maintaining near term bullishness. Focus is back on 0.7047 resistance today. In Asia, Nikkei is down -1.74%. Hong Kong HSI is down -0.49%. China Shanghai SSE is down -0.65%. Singapore Strait Times is down -0.30%. Japan 10-year yield is down -0.0081 at -0.133. Overnight, DOW dropped -0.42%. S&P 500 dropped -0.65%. NASDAQ dropped -0.46%. 10-yer yield dropped -0.061 to 2.061. | 
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