Dollar's rally extends in Asian session, with EUR/USD breaching 1.13 key support zone. Meanwhile, USD/JPY also breaks 114.86 near term top. Sterling is so far very resilient as markets await inflation data from the UK. Canadian Dollar is just mixed ahead of Canada CPI. Much volatility is likely in the day ahead. In other markets, Gold is back at around 1850 after failing rally attempt. WTI crude oil continues to defend 80 handle. Technically, EUR/GBP is also a pair to watch ahead. Firm break of 0.8401 will resume medium term down trend towards key long term support level at 0.8276. Euro's broad based selloff could further intensify with such development. However, rebound from current level, followed by break of 0.8477 minor resistance will indicate temporary easing of selling pressure, which might be accompanied by recovery in EUR/USD and EUR/CHF. In Asia, at the time of writing, Nikkei is down -0.30%. Hong Kong HSI is down -0.26%. China Shanghai SSE is up 0.29%. Singapore Strait Times is down -0.30%. Japan 10-year JGB yield is down -0.0010 at 0.075. Overnight, DOW rose 0.15%. S&P 500 rose 0.39%. NASDAQ rose 0.76%. 10-year yield rose 0.011 to 1.634. | 