The markets are steadily mixed in Asian session today. Sentiment is stabilized somewhat on news that US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, as brokered by French President Emmanuel Macron. Nevertheless, risks of imminent war remain. For now, Aussie and Kiwi are the slightly firmer ones while Dollar and Yen are soft. But the picture could easily change on geopolitical developments. PMI data from Eurozone and UK will likely take a back seat. Technically, we'll keep an eye on GBP/CHF to gauge overall risk sentiment. It's so far resiliently hold above 1.2465 minor support, and further rise is still mildly in favor through 1.2598/2606 resistance. However, firm break of 1.2465 will indicate that rise from 1.2276 has completed, probably the pattern from 1.2134 too. Deeper decline would be seen back to 1.2276 support, and possibly further through 1.2134 if risk aversion intensifies. In Asia, at the time of writing, Nikkei is down -0.86%. Hong Kong HSI is down -0.71%. China Shanghai SSE is down -0.36%. Singapore Strait Times is up 0.18%. Japan 10-year JGB yield is down -0.0061 at 0.214. | 