 Yen surges broadly today as the financial markets are back in risk-off mode. Or at least, rally in Chinese stocks is having a pause. Investors some what turned cautious ahead of the week. US Secretary of State Mike Pompeo announced sanctions on some Chinese officials, including a Politburo member, over gross violations of human rights in Xinjiang. That's generally seen at the start of a wave of sanctions, as the US-China relations deteriorate further. Dollar and Euro are following as the next strongest. Meanwhile, Australian Dollar is additionally pressured by spike in coronavirus cases in Victoria. Canadian Dollar is weighed down by the selloff in oil overnight. Technically, EUR/USD's breach of 1.1258 minor support dampen the near term bullishness and open up further decline to test 1.1168 support. EUR/JPY's break of 120.58 minor support should also bring deeper fall to 119.31. USD/CAD's breach of 1.3624 minor resistance after defending 1.3485 support retains near term bullish for rally through 1.3715 resistance. A focus today would be on USD/JPY, which is eyeing 106.79 minor support. Break will suggest completion of rebound from 106.07 and bring retest of this low. In Asia, Nikkei closed down -1.06%. Hong Kong HSI is down -2.36%. China Shanghai SSE is down -1.95%. Singapore Strait Times is down -0.63%. Overnight, DOW dropped -1.39%. S&P 500 dropped-0.56%. NASDAQ rose 0.53% to new record. 10-year yield dropped -0.048 to 0.605. 10-year JGB yield dropped -0.0008 to 0.019. | 
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