The forex markets are rather steady in Asian session today. Focuses will turn to Eurozone CPI flash and US non-farm payrolls employment. Euro is so far still the strongest one for the week, but it will need some inspiration from inflation data to give it another lift. Dollar will particularly look into wage growth data to solidify Fed hike expectations. But the net movement will eventually depend on the overall risk sentiment. Technically, USD/JPY recovers just ahead of 121.17 minor support, after drawing support from 4 hour 55 EMA too. The development is keeping corrective pattern from 125.09 brief. That is, another rise through 125.09 should come sooner rather than later. However, firm break of 121.17 will indicate that it's already in a deeper near term correction. Reactions to NFP report today would reveal which case it is. In Asia, Nikkei closed down -0.49%. Hong Kong HSI is down -0.92%. China Shanghai SSE is up 0.78%. Singapore Strait Times is up 0.31%. Japan 10-year JGB yield is up 0.0020 at 0.218. Overnight, DOW dropped -1.56%. S&P 500 dropped -1.57%. NASDAQ dropped -1.54%. 10-year yield dropped -0.031 to 2.327. | 