 Asian markets started with mild risk aversion today but sentiments quickly stabilized. Australian Dollar is pressured after China bans four of its abattoirs, but there is no follow through selling afterwards. While the Aussie is staying soft, it's holding generally above yesterday's low for the moment. Canadian Dollar is the second weakest while Yen is the strongest. After all, major crosses and pairs are trading inside yesterday's range. Technically, USD/JPY's breach of 107.49 resistance suggests that corrective fall from 111.71 has completed. Further rise will now be in favor to 109.38 resistance first. 133.17 minor resistance in GBP/JPY will be a focus and break will further indicate Yen's weakness. GBP/JPY would then target 135.74 resistance. AUD/USD's retreat this week has been rather shallow so far. Attention will be on the direction of the breakout, through 0.6569 resistance or 0.6372 support. In Asia, Nikkei closed down slightly by -0.12%. Hong Kong HSI is down -1.36%. China Shanghai SSE is down -0.17%. Singapore Strait Times is down -0.97%. Japan 10-year JGB yield is down -0.0167 at -0.006. Overnight, DOW dropped -0.45%. S&P 500 rose 0.02%. NASDAQ extended recent strong rally and rose 0.78%. 10-year yield rose 0.044 to 0.726. | 
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