The forex markets are generally staying in tight range in Asian session, digesting last week's moves. Euro remains generally soft and looks vulnerable to extend the near term decline, in particular against commodity currencies and Yen. Sterling is so far resilient, awaiting more BoE officials to speak up their mind regarding the chance of an imminent rate hike. Dollar will probably need to clear out 1.125/30 resistance zone against Euro decisively before making some committed moves elsewhere. Technically, we'll also pay some attention to Sterling pairs today. GBP/JPY has defended 152.35 temporary low late last week. But a downside breakout is still in favor. GBP/USD's price actions from 1.3351 are clearly corrective looking, suggesting that a downside breakout should follow sooner or later. At the same time, EUR/GBP could also break through 0.8381 any time to resume recent fall. These forces will continue to counter each other and keep the Pound mixed. In Asia, Nikkei closed up 0.09%. Hong Kong HSI is down -0.59%. China Shanghai SSE is up 0.63%. Singapore Strait Times is up 0.12%. Japan 10-year JGB yield closed flat at 0.79. | 