 Dollar was sold off deeply overnight after Fed left interest rate unchanged. Most importantly, Fed chair Jerome Powell indicated that there is no need for any rate hike unless inflation materially surprises on the upside. Considering that Fed projects inflation to be around target through 2022, interest rate might just stay at current level through the projection horizon. The greenback is currently the second worst performing one for the week, just better than Yen. Swiss Franc and Euro are the strongest ahead of ECB and SNB meeting today. Sterling is mixed as UK elections are awaited. Technically, the overall bearishness in Dollar is back after yesterday's selloff. EUR/USD's break of 1.1116 should now pave the way to 1.1179 resistance. Break there will resume whole rebound from October's low of 1.0879. USD/CHF's break of 0.9841 support suggests that the Rebound since August low at 0.9659 has completed and deeper fall would be seen back to this support. AUD/USD's rise from 0.6754 resumed for 0.6929 resistance. Break will resume whole rise from October low of 0.6670. USD/JPY (108.27 support) and USD/CAD (1.3158 support). are two pairs to watch to confirm further Dollar weakness. In Asia, Nikkei closed up 0.14%. Hong Kong HSI is up 1.40%. China Shanghai SSE is down -0.34%. Singapore Strait Times is up 0.89%. Japan 10-year JGB yield is down -0.0168 at -0.020. Overnight, DOW rose 0.11%. S&P 500 rose 0.29%. NASDAQ rose 0.44%. 10-year yield dropped -0.043 to 1.790, back below 1.8 handle. | 
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