 Yen and Dollar surge in Asian session today as markets are clouded by new uncertainty over Hong Kong's future. The situation carries significance firstly on the direction of US-China trade tension. Secondly, Hong Kong's international financial hub status could be in question, which would limit China's ability to raise capital in the current global economic turmoil. There is no spillover from the free fall in HK to other stock markets yet. But sentiments might be vulnerable. As for today, commodity currencies are generally softer. Technically, AUD/USD is seen losing upside momentum again ahead of 0.6670 key resistance. Despite persistent bearish divergence condition in 4 hour MACD, it's still early to call for reversal. Though, we'd continue to look for strong resistance from 0.6670 to limit upside, at least on first attempt. Sustained break of 4 hour 55 EMA (now at 0.6511) will raise the chance of short term topping and turn focus to 0.6402 support for confirmation. Fold's break of 1725.00 support affirmed our bearish view that fall from 1765.25 is correcting whole rise from 1451.6. Sustained trading below 4 hour 55 EMA will pave the way to 38.2% retracement of 1451.16 to 1765.25 at 1645.26. In Asia, currently, Nikkei is down -0.79%. Hong Kong HSI is down -4.83%. China Shanghai SSE is down -1.50%. Singapore Strait Times is down -2.06%. German 10-year yield is down -0.0286 to -0.494. Overnight, DOW dropped -0.41%. S&P 500 dropped -0.78%. NASDAQ dropped -0.97%. 10-year yield dropped -0.003 to 0.677. | 
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