Yen's down trend continued last week and even accelerated against commodity currencies. Persistent rally in benchmark yields, rebound in stocks, and diverging central bank expectations are expected to weigh on Yen further. Meanwhile, expected rate hike by Fed and BoE didn't provide much support to Dollar and Sterling, as both closed among the weakest. On the other hand Aussie and Kiwi ended as the best performer. Euro followed as third, but there was also sign of turning around towards the end of the week. The development in the coming days might decide whether Euro's rebound has completed and selloff is returning. | 