Dollar is trying to extend near term rebound with help from surging treasury yields and risk-off sentiments in stocks. But Canadian Dollar is still outshining slightly, as support by oil price rally. Aussie and Kiwi are soft, but selloffs are mainly centered around European majors. Euro is particularly weak as it looks set to resume recent down trend against Sterling and Swiss Franc too. Technically, Yen is also trying to firm up too, even though it's lagging behind the greenback and Loonie. A focus will be on 129.59 support in EUR/JPY. Sustained break there will dampen our original bullish view of near term reversal. That would indicate that rebound form 127.26 has completed at 131.59 already, and bring deeper fall back to this low. That could be a prelude to more Yen strength elsewhere. In Asia, at the time of writing, Nikkei is down -2.26%. Hong Kong HSI is up 0.02%. China Shanghai SSE is down -0.29%. Singapore Strait Times is down -0.01%. 10-year JGB yield is down -0.0026 at 0.149. Overnight, DOW dropped -1.51%. S&P 500 dropped -1.84%. NASDAQ dropped -2.60%. 10-year yield rose 0.093 to 1.865. | 