Yen continues to be under selling pressure, following the strong rally in US stocks overnight. Yen is additionally weighed down by rally in treasury yields. New Zealand Dollar is leading commodity currencies higher, while Australian and Canadian Dollars are also strong. Euro and Sterling are mixed for the moment, with Sterling having a slight upper hand. Inflation data are the focuses today and could prompt further rally in the Pound as well as Loonie. Technically, we'd expect the selloff in Yen ahead. In particular, the decline could accelerate if US stock indexes could breakout to new record highs in the coming days. DOW is now close to 35631.19 high and firm break there will resume the medium term up trend from 18213.65. Nevertheless, break of 35023.63 support will indicate rejection by 35631.19 and bring pull back. Yen crosses could also follow in this case too. In Asia, at the time of writing, Nikkei is up 0.39%. Hong Kong HSI is up 1.31%. China Shanghai SSE is up 0.03%. Singapore Strait Times is up 0.01%. Japan 10-year JGB yield is up 0.0045 at 0.095. Overnight, DOW rose 0.56%. S&P 500 rose 0.74%. NASDAQ rose 0.71%. 10-year yield rose 0.051 to 1.635. | 