 Yen and, to a slightly lesser extent, Dollar soften further as markets are in mild risk-on mode this week. There were some jitters from White House adviser Peter Navarro's comments on US-China trade deal. But dusts quickly settled after his clarifications. Yen is additionally pressured by the poor PMI manufacturing data. On the other hand, Australian Dollar stays firm after PMIs indicate the economy is back on expansion. New Zealand Dollar is trailing Aussie as the next strongest. Technically, USD/JPY recovered just ahead of 106.57 temporary low, keeping range trading intact. Focus could now be back on 107.64 minor resistance. Break will suggests short term bottoming and bring stronger rebound. EUR/JPY and GBP/JPY are also in recovery. Further fall would be in favor as long as 122.11 resistance and 136.34 resistance holds respectively. But a rebound in USD/JPY could prompt a test on these levels in EUR/JPY and GBP/JPY. In Asia, currently, Nikkei is up 0.81%. Hong Kong HSI is up 0.97%. China Shanghai SSE is up 0.17%. Singapore Strait Times is up 0.17%. Japan 10-year JGB yield is up 0.0009 at 0.011. Overnight, DOW rose 0.59%. S&P 500 rose 0.65%. NASDAQ rose 1.11% to 10056.47, back above 10k handle. It could be ready to extend the record run. 10-year yield rose 0.007 to 0.704. | 
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