Dollar trades generally lower today as Asian markets ex-Japan open the year on strong footing. Investors are generally riding on optimism of vaccine rollouts and an eventual sustainable global recovery. Though, for the short term, Japan is facing risk of more lookdowns while coronavirus infections in the US could still surge again. The forex markets are mixed elsewhere, with Aussie and Kiwi paring some recent gains. Euro and Swiss Franc are struggling in consolidations. Technically, 1.2688 support in USD/CAD is a level to watch today. Break will confirm resumption of larger down trend from 1.4677. Break of 102.87 support in USD/JPY will also resume larger down trend. At the same time, firm break of 126.04 minor support in EUR/JPY could invalidate prior upside break out and bring deeper pullback. In Asia, currently, Nikkei is down -0.62%. Hong Kong HSI is up 0.71%. China Shanghai SSE is up 0.96%. Singapore Strait Times is up 0.30%. Japan 10-year JGB yield is up 0.0007 at 0.026. | 