Asian markets are trading in mixed most, decoupling from strong rally from the US on Friday. The forex markets are also steady. Yen is trading broadly higher and could be riding on the rebound against Dollar to strengthen elsewhere. Dollar is the currently the second strongest for today but it's merely licking last week's wounds. Commodity currencies are mildly lower for now, digesting last week's gains. The economic calendar is light today with US and Canada on holiday, but volatility could still kicks in with political news. Technically, USD/JPY is an interesting one to watch today as it's getting more likely that rebound from 104.00 has completed, with break of a near term trend line. Further rise will remain in favor as long as 104.94 support holds. But a firm break there would bring retest of 104.00. In that case, we'd have to see if that triggers selloff its Dollar itself, or more general decline in Yen crosses. In Asia, currently, Nikkei is down -0.31%. Hong Kong HSI is up 2.03%. China Shanghai SSE is up 2.27%. Singapore Strait Times is up 0.56%. Japan 10-year JGB yield is down -0.0054 at 0.029. | 