The forex markets are rather quiet in Asian session today. Trading will probably remain subdued with US on holiday. The greenback remains the strongest one for the week on speculation that the "transitory" yet persistent strong inflation would eventually force Fed to raise interest rate earlier. Canadian Dollar is currently the second strongest for the week, as WTI oil price stabilized above 75 handle. New Zealand Dollar remains the worst performing one, with Yen a distant second. Technically, the next move in Sterling could be interesting, as both EUR/GBP and GBP/JPY are stuck in range, with near term bearish bias. That is both are in favor to extend recent decline, which is contrasting each other. But, downside breakout in both EUR/GBP and GBP/JPY would make sense, if that is also accompanied by EUR/JPY's sharp fall through 127.91 near term support. We'll see. In Asia, Nikkei rose 0.77%. Hong Kong HSI is up 0.22%. China Shanghai SSE is down -0.08%. Singapore Strait Times is down -0.09%. Japan 10-year JGB yield is down -0.0024 at 0.084. Overnight, DOW dropped -0.03%. S&P 500 rose 0.23%. NASDAQ rose 0.44%. 10-year yield dropped -0.0022 to 1.645. | 