Commodity currencies recover mildly in Asian session but remain the worst performing ones for the week. Markets seemed to have priced in RBNZ standing pat well already. New Zealand Dollar recovered very quickly after initial spike following the announcement. On the other hand, Swiss Franc, Yen and to a lesser extent are still the strongest ones, digesting this week's gains. Focus will now turn to inflation data from UK and Canada, and then FOMC minutes. Technically, EUR/CHF has broken 1.0715 support while EUR/JPY also took out 128.58 support. Both developments suggest resumption of recent decline. EUR/USD also showed some weakness by breaching 1.1705 support. Sustained trading below there could spark downside acceleration, which would be reflected in EUR/CHF and EUR/JPY too. In Asia, at the time of writing, Nikkei is up 0.57%. Hong Kong HSI is up 0.63%. China Shanghai SSE is up 0.40%. Singapore Strait Times is up 1.00%. Japan 10-year JGB yield is up 0.002 at 0.011. Overnight, DOW dropped -0.79%. S&P 500 dropped -0.71%. NASDAQ dropped -0.93%. 10-year yield rose 0.001 to 1.258. | 