Selloff in Yen continued as DOW was pushed to new record by risk-on sentiment, while US benchmark treasury yield also jumped. Dollar is also under some pressure together with Canadian and Euro. On the other hand, Sterling continues to be the outperformer, leading Aussie in the race. With easing fear on Omicron, the markets look set to end the year on a high note. Technically, CHF/JPY's up trend resumed by taking out 125.48 resistance. Near term outlook will now stay bullish as long as 124.20 minor support holds. Next target is 61.8% projection of 117.51 to 125.48 from 122.10 at 127.02. A question now is whether, or when, would USD/JPY follows to break through 115.51 high. In Asia, at the time of writing, Nikkei is down -0.28%. Hong Kong HSI is up 0.09%. China Shanghai SSE is up 0.82%. Singapore Strait Times is down -0.31%. Japan 10-year JGB yield is up 0.0152 at 0.075. Overnight, DOW rose 0.25%. S&P 500 rose 0.14%. NASDAQ dropped -0.10%. 10-year yield rose 0.062 to 1.543. | 