The sharp turn in risk sentiments overnight pushed "safe-haven" currencies generally higher. Among them, Dollar is currently outperforming both Swiss Franc and Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. Euro and Sterling are mixed, with the Pound having a slight upper hand. Technically, the movements are mainly centered around commodity currency pairs. AUD/USD's break of 0.7641 suggests that larger downward correction is underway. Similarly, USD/CAD's break of 1.2798 resistance also confirmed short term bottoming. Though, EUR/USD will need to break through 1.2052 support decisively to confirm Dollar's underlying strength. Or at least, USD/JPY needs to break through 104.59 resistance firmly too. In Asia, currently, Nikkei is down -1.58%. Hong Kong HSI is down -1.91%. China Shanghai SSE is down -1.51%. Singapore Strait Times is down -1.12%. Japan 10-year JGB yield is down -0.003 at 0.040. Overnight, DOW dropped -2.05%. S&P 500 dropped -2.57%. NASDAQ dropped -2.61%. 10-year yield dropped -0.026 to 1.014. | 