The impact of slowing in US inflation was rather short-lived as major indexes turned red after initial rise. Sentiment is further weighed down by poor retail sales data from China. Yen notably overnight on mild risk-off sentiment while Dollar also regained some ground. On the other hand, Australian and New Zealand Dollar resumed recent near term decline. As for the week, Yen is currently the strongest one, followed by Canadian. Aussie and Kiwi are the worst performing. Focus will now turn to CPI from UK and Canada. Technically, AUD/JPY is the biggest mover for the week for far. 38.2% retracement of 77.88 to 82.01 at 80.43 was taken out as fall from 82.01 extended. Deeper decline is now in favor as long as 4 hour 55 EMA holds. Further break of 61.8% retracement at 79.45 could pave the way to retest 77.88 low. In addition, EUR/JPY's break of 129.57 support opens the way to retest 127.91 low. GBP/JPY's break of 151.39 support could also bring retest of 149.16 low. A focus is on whether USD/JPY would also break out from near term range, to the downside. In Asia, at the time of writing, Nikkei is down -0.38%. Hong Kong HSI is down -0.95%. China Shanghai SSE is up 0.31%. Singapore Strait Times is down -0.65%. Japan 10-year JGB yield dropped -0.0062 to 0.039. Overnight, DOW dropped -0.84%. S&P 500 dropped -0.57%. NASDAQ dropped -0.45%. 10-year yield dropped -0.047 to 1.277. | 