While DOW hit new intraday record high overnight, positive sentiment was not carried forward to Asia. Instead, stocks tumbled as the troubled China's property giant Evergrande failed to close the sale of the controlling stake in its property management business. The company could official go into default next Monday. Yen and Dollar are both recovering mildly while commodity currencies retreat. But overall, there is no change in the near term trend yet. Dollar and Yen remain the worst performing ones for the week while Kiwi and Aussie are the strongest. Technically, we'd continue to focus on 113.87 minor support in USD/JPY. Break there will indicate short term topping, after just missing 114.71 fibonacci projection level. USD/JPY would then turn into a near term corrective fall. At the same time, break of 156.58 minor support in GBP/JPY and 132.13 support in EUR/JPY would confirm that the selloff in Yen is over for the near term, and some consolidations would be in Yen crosses in general. In Asia, at the time of writing, Nikkei is down -1.48%. Hong Kong HSI is down -0.29%. China Shanghai SSE is up 0.46%. Singapore Strait Times is down -0.01%. Japan 10-year JGB yield is down -0.001 at 0.094. Overnight, DOW rose 0.43%. S&P 500 rose 0.37%. NASDAQ dropped -0.05%. 10-year yield rose 0.001 to 1.636. | 