 Risk aversion dominates the financial markets as global outbreak of China's Wuhan coronavirus worsens. DOW suffered the third-worst point drop in history overnight. 30-year yield hit new record low while 10-year yield also hit 3-year low. Though, Asian markets turned mixed, except that Nikkei is in deep red coming back form holiday. In the currency markets, Canadian Dollar is currently the weakest for the weak, as pressured by fall in oil price too. Yen is the strongest one on risk aversion and falling yields. Dollar is mixed as recent rally turned into correction. Traders are quickly increasing their bets that global coronavirus outbreak would eventually force Fed to cut interest rate again this year. Fed fund futures are now pricing in more than 80% chance of a cut by July meeting. It was 50-50 chance just a month ago. Technically, 110.28 resistance turned support in USD/JPY is a focus today. As long as this support holds, USD/JPY's rally from 104.45 is still in favor to extend through 112.22 high at a later stage. But firm break of 110.28 will raise the chance of reversal and turn focus to 108.30 support. 142.33 support in GBP/JPY is also worth a watch. Break will likely extend the correction from 147.95 high through 140.83/92 support zone. In Asia, currently, Nikkei is down -2.99%. Hong Kong HSI is down -0.28%. China Shanghai SSE is down -1.98%. Singapore Strait Times is up 0.78%. Japan 10-year JGB yield is down -0.0274 at -0.089. Overnight, DOW dropped -1031.61 pts or -3.56%. S&P 500 dropped -3.35%. NASDAQ dropped -3.71%. 30-year yield hit record low at 1.811 before closing at 1.837, down -0.081. 10-year yield also hit 3-year low at 1.352 before closing at 1.377, down -0.094. | 
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