Dollar is digesting some of this week's gain as markets are awaiting FOMC rate hike and economic projections. There are a lot questions to be answered given the uncertainty over inflation and the economic impact of Russia invasion of Ukraine. As for today, Aussie and Euro are the stronger ones while Dollar and Yen are soft. But the picture could flip in any direction depending on the FOMC outcome. Technically, if Dollar is to show its muscle today, the first move should be a strong break of 118.65 long term resistance (2016 high) in USD/JPY. The second should be a decisive break of 1.0805 near term bottom in EUR/USD. We'll see if the greenback could do that to confirm it's strength. In Asia, Nikkei closed up 1.64%. Hong Kong HSI is up 7.81%. China Shanghai SSE is up 3.41%. Singapore Strait Times is up 1.42%. Japan 10-year JGB yield is down -0.0053 at 0.205. Overnight, DOW rose 1.82%. S&P 500 rose 2.14%. NASDAQ rose 2.92%. 10-year yield rose 0.020 to 2.160. | 