The markets generally turn quiet in Asian session as markets are look forward to consumer inflation data from US. Before that UK GDP will also be a major focus. Commodity currencies, in particular Canadian Dollar, are losing much upside momentum even though they're still the strongest ones. Yen's earlier selloff also lost steam while Dollar is stabilizing. European majors are mixed with Sterling recovering some losses. We'll see how today's data would prompt the next move. Technically, it should be about time for EUR/USD and USD/JPY to break out from their near term range. To be specific, we're taking about 1.1185/1.1382 in EUR/USD and 112.52/113.94 in USD/JPY. We're prefer to see synchronized breakout in both pairs to confirm that Dollar is taking a direction. In Asia, at the time of writing, Nikkei is down -0.53%. Hong Kong HSI is down -0.55%. China Shanghai SSE is down -0.14%. Singapore Strait Times is down -0.22%. Japan 10-year JGB yield is up 0.0053 at 0.056. Overnight DOW closed flat. S&P 500 dropped -0.72%. NASDAQ dropped -1.71%. 10-year yield dropped -0.022 to 1.487. | 