 Yen ended up broadly as the strongest one last week, extending this month's rebound. Domestically, political uncertainty was cleared with Yoshihide Suga took up the job of Prime Minister, ensuring continuity of Abenomics. Externally, geopolitical risks at the South China Sea and Taiwan Strait heightened while US-China relations deteriorated further. Coronavirus infections came back with another surge in Europe. Stock markets looked vulnerable for deeper correction. There is prospect of more upside in the Yen ahead. Sterling ended as one of the strongest, surviving dovish BoE. But that's most likely just a corrective recovery as risks stay on the downside. Dollar attempted a rally after FOMC but quickly faded and ended mixed. Canadian Dollar was given no support from surging oil prices while Swiss Franc was surprisingly the weakest one. | 
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