Risk aversion dominates the markets in Asia with concerns on more tough lockdowns in China, including the capital city of Beijing. Dollar jumps broadly higher, with Yen and Swiss Franc as distant second and third. Aussie and Kiwi are extending last week's decline, trading as the worst ones for today so far. Euro is the next weakest, playing catch-up, with little support from new that Emmanuel Macron was re-elected for a second term as French President. Sterling is also looking vulnerable. Technically, one major focus today is 1.0756 support in EUR/USD. Firm break there will resume larger down trend from 1.2348. That would align the bearish outlook with Sterling and Franc against the greenback. Such development should also seal the case for underlying bullish momentum in Dollar, probably for the medium term too. In Asia, at the time of writing, Nikkei is down -1.84%. Hong Kong HSI is down -2.86%. China Shanghai SSE is down -2.62%. Singapore Strait Times is down -0.25%. Japan 10-year JGB yield is up 0.0020 at 0.252. | 