 European majors recover today following better than expected PMI data from UK and Eurozone. Concerns of China's coronavirus hasn't materialized into business confidence data yet. On the other hand, commodity currencies are generally lower, followed by Dollar. For the week, while New Zealand and Australian Dollars are among the weakest, Yen remains the worst performing. Swiss Franc is currently the strongest for the week, followed by Dollar. Technically, GBP/USD's break of 1.2929 minor resistance suggests temporary bottoming at 1.2849 and intraday bias is turned neutral. But another fall remains mildly in favor as long as 1.3069 resistance holds. GBP/JPY's break of 144.60 resistance is relatively more bullish and should pave the way to retest 147.95 high. In Europe, currently, FTSE is down -0.10%. DAX is down -0.01%. CAC is down -0.07%. German 10-year yield is down -0.001 at -0.444. Earlier in Asia, Nikkei dropped -0.39%. Hong Kong HSI dropped -1.09%. China Shanghai SSE rose 0.31%. Singapore Strait Times dropped -0.55%. Japan 10-year JGB yield dropped -0.0225 to -0.061. | 
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