 The financial markets seem to have stabilized from coronavirus fears. Following the strong rebound in US stocks overnight, Asian indices are also trading generally higher. Yen and Swiss Franc continue to trade as two of the weakest for the week. But Sterling is the worst performing one on Brexit negotiation risks. On the other hand, Australian and New Zealand Dollars are the strongest. Focus will likely turn back to economic data for now, especially with US ADP employment and ISM services featured today. Technically, USD/JPY's break of 109.26 minor resistance suggests that pull back from 110.28 has completed at 108.30. More importantly, with 107.65 support intact, whole rebound from 104.45 is likely still in progress for another high. Focus is now on 121.26 minor resistance in EUR/JPY. Break there will realign the outlook with USD/JPY and bring retest of 112.87 high. In Asia, Nikkei is currently up 1.41%. Hong Kong HSI is up 0.45%. China Shanghai SSE is up 1.57%. Singapore Strait Times is up 1.00%. Japan 10-year JGB yield is up 0.014 at -0.035. Overnight, DOW rose 1.44%. S&P 500 rose 1.50%. NASDAQ rose 2.10%. 10-year yield rose 0.083 to 1.603. | 
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