 Yen strengthens broadly today again as the pull back lost momentum. After all the words and rhetorics, US-China trade war is still in progress for escalation. Yesterday's early selloff in risk markets might be overdone. But current recovery doesn't indicate any change in the down trend in stocks, nor major treasury yields. Risk-off could come back any time. For now, Yen is the strongest for today, followed by Canadian and Swiss Franc. Australian and New Zealand Dollars are the weakest. Technically, USD/CAD is having a steep fall today as recent consolidation from 1.3345 extends. But near term outlook remains bullish as long as 1.3177 support holds. Another rise through 1.3345 is still expected at a later stage. USD/JPY is still on track for more decline with 106.73 minor resistance intact. Similarly, near term outlook is EUR/JPY stays bearish as long as 119.58 minor resistance holds too. In Asia, currently, Nikkei is up 1.15%. Hong Kong HSI is up 0.10%. China Shanghai SSE is up 1.68%. Singapore Strait Times is up 0.20%. Japan 10-year JGB yield is up 0.02 at -0.255. Overnight, DOW rose 1.05%. S&P 500 rose 1.10%. NASDAQ rose 1.32%. 10-year yield rose 0.017 to 1.545. | 
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