Yen's selloff intensifies today, following extended rally in major benchmark treasury yields. US 10-year yields breaks 2.75% handle for the first time since March2 019. Germany 10-year bund yield also breaches 0.8% handle. On the other hand, Japan 10-year JGB yield is staying comfortably below BoJ's 0.25% cap. Euro and Dollar are currently the strongest one for today. Sterling is not performing too badly despite GDP miss. Commodity currencies are following risk-off sentiments lower. Technically, USD/JPY's break of 125.09 resistance confirms long term up trend resumption. Now, it's the time for EUR/JPY to break through 137.49 resistance, and for GBP/JPY to break through 164.61 resistance to alight the outlook. Meanwhile, Gold's break of 1966.00 resistance now argues that correction from 2070.06 has completed at 1889.79. It could try to head back to 2000 handle if risk aversion picks up. In Europe, at the time of writing, FTSE is down -0.66%. DAX is down -0.87%. CAC is up 0.26%. Germany 10-year yield is up 0.092 at 0.799. Earlier in Asia, Nikkei dropped -0.61%. Hong Kong HSI dropped -3.03%. China Shanghai SSE dropped -2.61%. Singapore Strait Times dropped -0.58%. Japan 10-year JGB yield rose 0.0081 to 0.239. | 