 Markets are relatively steady in Asia today. Sentiment was somewhat weighed down by mixed data from China, but there is no apparently follow through selling. New Zealand Dollar continues to be pressured as the country extends coronavirus lockdown by 12 days. Australian Dollar seems to be benefiting from the selloff in Kiwi and it's trading as the strongest today. As for the week, though, Canadian Dollar is currently the strongest, followed by Swiss Franc. Kiwi is weakest, together with Yen, with the latter sent down by persistent rally in treasury yields. Technically, there are two developments to watch before weekly close. Firstly, 10-year yield extended this week's strong rebound overnight to close at 0.716, above 0.7 handle for the first time since early July. The break of 55 day EMA and near term falling trend line resistance are both bullish development. Yet, it's unsure the current rebound would be as short-lived as the one back in June. We'll see if TNX could close above 0.7 today. Secondly, Gold appears to be losing a little bit upside momentum, as the rebound brought it close to 4 hour 55 EMA. The overall correction from 2075.18 isn't completed for sure. The question is whether it'll turn out to be a sideway pattern or a deeper pull back. Break of 1920.20 minor support would likely bring another fall back towards 1862.55 low first. If we're going to see both stronger rise in TNX and another fall in Gold, Dollar might finally stage a turnaround. In Asia, Nikkei closed up 0.17%. Hong Kong HSI is up 0.03%. China Shanghai SSE is up 1.19%. Singapore Strait Times is down -0.15%. Japan 10-year yield is up 0.0139 at 0.049. Overnight, DOW dropped -0.29%. S&P 500 dropped -0.20%. NASDAQ rose 0.27%. 10-year yield rose 0.046 to 0.716. | 
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