Dollar rises in early US session after data shows that headline consumer inflation accelerated once again in June, to the highest level since 1981. Yen is currently the worst performing one on rise in US and European benchmark yields. But there is prospect for recovery in Yen, except versus Dollar, if risk off sentiment intensifies. Kiwi is also on the softer side despite RBNZ rate hike earlier today. Euro is under performing Sterling and Swiss Franc. Canadian Dollar is resilient for now and the next move will depend on BoC rate decision. Technically, USD/CAD will be a focus for the rest of the session. Sustained break of 1.3075 resistance will extend larger up trend to 100% projection of 1.2005 to 1.2947 from 1.2401 at 1.3343. If that happens, it would be the final piece to confirm Dollar's underlying momentum. But, break of 1.2818 near term support will raise the chance of another rejection by 1.3075. In Europe, at the time of writing, FTSE is down -1.30%. DAX is down -1.87%. CAC is down -1.70%. Germany 10-year yield is up 0.0796 at 1.209. Earlier in Asia, Nikkei rose 0.54%. Hong Kong HSI dropped -0.22%. China Shanghai SSE rose 0.09%. Singapore Strait Times dropped -0.54%. Japan 10-year JGB yield dropped -0.0061 to 0.238. | 