 Asian markets turn softer today as boost from US stimulus package fades very quickly. Focus will instead turn to BoE rate decision and US jobless claims. In particular, the latter would reveal how serious the initial impact of coronavirus outbreak in the US is. In the currency markets, commodity currencies turn generally softer today as led by Australian Dollar. Yen and Swiss Franc reclaim some grounds. Technically, we'd maintain the view that markets are staying in consolidations for the moment, including stocks. Dollar and Yen are both set to resume recent rally sooner or later, as the correction completes. The main question in which one would be stronger. 112.22 key resistance in USD/JPY is the level to determine the relative strength. In Asia, Nikkei closed down -4.51%. Hong Kong HSI is down -0.50%. China Shanghai SSE is down -0.41%. Singapore Strait Times is down -0.83%. Japan 10-year JGB yield is down -0.0432 at -0.007, turned negative. Overnight, DOW rose 2.39%. S&P 500 rose 1.15%. NASDAQ dropped -0.45%. 10-year yield rose 0.042 to 0.858. | 
