 Risk aversion dominates the markets as US-China trade war escalates again with Trump's new tariffs. In particular, 10-year yield dived through 2% handle with ease and determination, to close at 1.894, lowest since November 2016. In the currency markets, Yen and Swiss Franc overtake Dollar's position as the strongest and second for the week. Sterling remains the worst performing one for its own no-deal Brexit dear. Australian Dollar is mixed for today, but second worst for the week. Technically, EUR/JPY breaks 118.62 key support to resume down trend from 137.49 (2018 high). GBP/JPY is extending the fall from 156.59 (2018 high) towards 122.36 (2016 low). USD/JPY is back pressing 106.78 low and break will resume the fall from 112.40 towards 104.69 low. In Asia, currently, Nikkei is down -2.45%. Hong Kong HSI is down -2.21%. China Shanghai SSE is down -1.78%. Singapore Strait Times is down -0.76%. Japan 10-year JGB yield is down -0.0362 at -0.167. Overnight, DOW dropped -1.05%. S&P 500 dropped -0.90%. NASDAQ dropped -0.79%. 10-year yield dropped -0.127 to 1.894. | 
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