Australian Dollar rises broadly today with support from strong inflation data. But upside is capped by mildly negative investment sentiment in Asia. While DOW and S&P 500 made new records overnight, there is no follow through in risk-on sentiment. Overall currency markets are mixed, with Yen as second strongest so far. Dollar is the weakest followed by Canadian Dollar. The Loonie is looking forward to BoC tapering and forward guidance. Technically, while Aussie rises, both AUD/USD and AUD/JPY are stuck in near term range. Focus will be on 0.7545 temporary top in AUD/USD and 86.24 in AUD/JPY. Firm break of these levels together should confirm underlying rally in Aussie, that could be seen elsewhere, in particular against Euro. In Asia, at the time of writing, Nikkei is down -0.41%. Hong Kong HSI is down -1.46%. China Shanghai SSE is down -0.90%. Singapore Strait Times is up 0.61%. Japan 10-year JGB yield is down -0.0004 at 0.104. Overnight, DOW rose 0.04%. S&P 500 rose 0.18%. NASDAQ rose 0.06%. 10-year yield dropped -0.016 to 1.619. | 