Markets are generally staying in consolidative mode for now, except that Sterling appears to be the stronger one. There is no follow through selling in Dollar so far, as traders await some guidance from FOMC statement and press conference today. Australian Dollar has little reaction to stronger than expected consumer inflation and business conditions data. Crude oil price and gold are both stuck in familiar range. Asia stocks are also treading water. Technically, GBP/USD's breach of 1.3745 resistance, and GBP/JPY's break of 142.30 resistance suggest that buying in the Pound is back. A focus will be on 0.8828 temporary low in EUR/GBP. Decisive break there could pave the way back to 0.8670 support. GBP/CHF is also back pressing 1.2203/2259 resistance zone. Sustained break there would resume medium rebound from 1.1102. In Asia, currently, Nikkei is up 0.21%. Hong Kong HSI is up 0.25%. China Shanghai SSE is up 0.07%. Singapore Strait Times is up 0.34%. Japan 10-year JGB yield is up 0.0044 at 0.039. Overnight, DOW dropped -0.07%. S&P 500 dropped -0.15%. NASDAQ dropped -0.07%. 10-year yield closed flat at 1.040. | 