Dollar turned a bit mixed in Asian session as markets await consumer inflation data from the US today. The greenback is losing some momentum against Yen as it's pressing a long term resistance level at 125.85. Meanwhile, it ticks down against European majors, which are recovering. On the other hand, Dollar is extending rebound against Canadian, which is now the second weakest, even though a big 50bps rate hike is expected from BoC later in the week. Technically, a main focus today is on USD/JPY's reaction to 125.85 (2015 high). Strong break there will confirm resumption of up trend from 2011 low. Such development could come in reaction to strong CPI reading and extended rally in US treasury yields. Break of 124.04 minor support will turn USD/JPY into consolidations first, before setting up another attempt on 125.85. In Asia, at the time of writing, Nikkei is down -1.92%. Hong Kong HSI is down -0.36%. China Shanghai SSE is up 0.08%. Singapore Strait Times is down -0.77%. Japan 10-year JGB yield is up 0.004 at 0.243. Overnight DOW dropped -1.19%. S&P 500 dropped -1.69%. NASDAQ dropped -2.18%. 10-year yield rose 0.067 to 2.780. | 