 Sterling drops broadly today as BoE minutes indicated that the central bank is already discussing implementation negative interest rates. On the other hand, Yen is currently the strongest one, extending this week's strong rally. Risk aversion and falling treasury yields are both helping the Yen higher. Dollar lost some momentum after initial post-FOMC rise, but remains the second strongest for the day. Overall risk sentiments would now be the main driver in the markets, probably till weekly close. Technically, GBP/JPY finally breaks 135.53 fibonacci support firmly. The development now raises the chance that whole rebound form 123.94 has completed at 142.71. The corrective structure in turn argue that larger down trend is still in progress. Focus is now on 61.8% retracement at 131.11 next. GBP/CHF was rejected by 1.1831 minor resistance. Break of 11598 temporary should pave the wave to retest 1.1102 low. The development could also affirm medium term bearishness for down trend resumption. In Europe, currently, FTSE is down -0.37%. DAX is down -0.81%. CAC is down -0.96%. Germany 10-year yield is down -0.024 at -0.504. Earlier in Asia, Nikkei dropped -0.67%. Hong Kong HSI dropped -1.56%. China Shanghai SSE dropped -0.41%. Singapore Strait Times dropped -0.17%. Japan 10-year JGB yield dropped -0.0065 to 0.014. | 
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