 Australian Dollar is in free fall in Asian session today as surge in unemployment rate adds to case of April RBA cut. Sentiments are also generally weak as markets disapprove China's tiny rate cut. Instead, investors are concerned with sign of contagion of Wuhan coronavirus to other Asian countries, in particular Japan and South Korea. Hence, while Yen recovers mildly today, it's staying as the weakest one for the week. For now, Dollar and Canadian are the strongest. Technically, AUD/USD finally takes out 0.6670 low decisively and resumes long term down trend. USD/JPY's break of long term channel resistance is an important sign of medium term bullishness. Further rise should be seen to 112.40 resistance next. EUR/GBP could have formed a short term bottom ahead of 0.8276 low and near term consolidation will likely extend with another rising leg first. In Asia, currently, Nikkei is up 0.24%. Hong Kong HSI is down -0.81%. China Shanghai SSE is up 0.47%. Singapore Strait Times is down -0.51%. 10-year JGB yield is down -0.0020 at -0.048. Overnight, DOW rose 0.40%. S&P 500 rose 0.47%. NASDAQ rose 0.87%. 10-year yield rose 0.014 to 1.570. | 
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