Dollar drops in early US session together with treasury yields after consumer inflation data. While headline CPI came in higher than expected, core CPI's pick up missed expectations. Commodity currencies are trading generally higher as US futures point to a rebound in major stock indexes. European majors are also attempting a recovery but momentum is relatively weak. Yen is trading is tight range, consolidating recent losses. Technically, a focus is now on whether USD/JPY would correct from current level, after rejection by 125.85 long term resistance. Bring of 124.66 minor support will bring deeper pull back. But overall, there shouldn't be any change in the up trend. Any retreat should be contained above 121.27 support, to bring another attempt on 125.85 resistance. In Europe, at the time of writing, FTSE is down -0.45%. DAX is down -0.35%. CAC is down -0.12%. Germany 10-year yield is down -0.043 at 0.775. Earlier in Asia, Nikkei dropped -1.81%. Hong Kong HSI rose 0.52%. China Shanghai SSE rose 1.46%. Singapore Strait Times dropped -0.99%. Japan 10-year JGB yield rose 0.0052 to 0.244. | 