 Risk aversion continues in Asian markets as outbreak of China's coronavirus shows now sign of slowing. But the moves in the currency markets seem to have passed a climax. Commodity currencies are consolidating in tight range close to week lows now. Yen, Swiss and Dollar are also digesting some gains. Technically, EUR/AUD's break of 1.6294 resistance suggests resumption of rise from 1.5962. Further rise should be seen to 1.6432 resistance first. AUD/JPY's break of 73.76 support should confirm another rejection by 76.28 resistance. More downside is now in favor back to retest 69.95 low. CAD/JPY's break of 82.80 support this week also suggest near term bearish reversal. Further fall should be seen to 81.28 support next. In Asia, Nikkei closed down -0.55%. Japan 10-year JGB yield is up 0.0123 at -0.035. Singapore Strait Times is down -2.47%, catching up after holiday. China and Hong Kong markets are closed. Overnight, DOW dropped -1.57%. S&P 500 dropped -1.57%. NASDAQ dropped -1.89%. 10-year yield dropped -0.076 to 1.605. It's on track towards 1.429 low at a later stage. | 
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