 The forex markets continue to be lacking a clear direction for now. New Zealand and Australian Dollar are mildly softer today, following weaker than expected data. But losses are so far limited. Yen, Euro and Dollar strengthen mildly but there is also no follow through buying. Focus will turn to SNB and BoE monetary policy decisions today. In particular, BoE is widely expected to expand asset purchases, and could hint on more easing ahead. Technically, Yen is showing some sign of strength but more effective is needed. EUR/JPY's break of 120.25 suggests resumption of the decline from 124.43. Deeper fall is in favor to next fibonacci level at 118.24. But other yen pairs are still range bound. Focuses will be on 106.57 temporary low in USD/JPY, 133.50 in GBP/JPY, 72.52 in AUD/JPY and 78.02 in CAD/JPY. These levels need to be taken out firmly to solidify for case for more Yen rally. In Asia, Nikkei closed down -0.45%. Hong Kong HSI is down -0.60%. China Shanghai SSE is down -0.03%. Singapore Strait Times is down -0.12%. Japan 10-year JGB yield is down -0.0102 at 0.011. Overnight, DOW dropped -0.65%. S&P 500 dropped -0.36%. NASDAQ rose 0.15%. 10-year yield dropped -0.023 to 0.733. | 
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