Yen's selloff re-accelerates after Fed Chair Jerome Powell hinted at a 50bps rate hike at next meeting in May. Dollar is firming up broadly, but trails Canadian. Loonie is supported by extended rebound in oil price, as well as expectations of more BoC tightening too. Swiss Franc is currently the second weakest, followed by Sterling and Euro. Aussie and Kiwi are mixed for now. Technically, in addition to the selloff in Yen, attention will also be on return of weakness in Euro. In particular, EUR/CAD has taken out 1.3856 minor support and it's heading back to 1.3760. Firm break there will resume medium term down trend. EUR/AUD is falling to corresponding low at 1.4561 and break will align with outlook too. At the same time, EUR/GBP is pressing 0.8358 minor support and break will bring retest of 0.8201 low. In Asia, at the time of writing, Nikkei is up 1.44%. Hong Kong HSI is up 1.13%. China Shanghai SSE is up 0.14%. Singapore Strait Times is down -0.17%. Japan 10-year JGB yield is up 0.0183 at 0.226. Overnight, DOW dropped -0.58%. S&P 500 dropped -0.04%. NASDAQ dropped -0.40%. 10-year yield rose 0.167 to 2.315. | 