 Sterling strengthens broadly today as an important hurdle for Brexit is cleared with Conservative's landslide victory in the UK election. Yen and Swiss Franc are broadly pressured on return of risk appetite, helped also by completion of US-China trade deal phase one. Over the week, the Pound is the strongest, followed by Australian Dollar. Yen is the weakest one, followed by Dollar. Technically, GBP/JPY's strong break of medium term trend line now puts 148.87 resistance in focus. Break there will pave the way back to 156.69. GBP/USD also took ut 1.3381 resistance decisively, heading to 1.4376 resistance next. EUR/GBP is on track to 0.8149 fibonacci projection next. EUR/JPY is heading to 123.35 resistance after breaking 121.46 resistance. USD/JPY is a pair to watch today. 109.72 resistance is in focus after strong rebound in the last 12 hours. Break will resume the rebound from 104.45 to 110.50 projection level. In Asia, Nikkei closed up 2.55%. Hong Kong HSI is up 2.15%. China Shanghai SSE is up 1.65%. Singapore Strait Times is up 0.53%. Japan 10-year JGB yield is down -0.004 at -0.022. Overnight, DOW rose 0.79%. S&P 500 rose 0.86%. NASDAQ rose 0.73%. All three indices hit new record intraday highs. 10-year yield hit as high as 1.924 before closing at 1.897, up 0.107. | 
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