Euro's rally is a focus in rather quiet markets today. Clearance of no-deal Brexit risk was a positive for the common currency. There's additional boost from rumors that a EU-China investment deal is likely this week. However, we'd like to point out that European Commission formally (in a statement) criticized China's "torture" and "ill-treatment" of the arrested citizen journalist, who reported the coronavirus outbreak in Wuhan which started the this year's pandemic. It's unsure whether China would politicize trade and investment relationship for political retaliation. We'll see if the investment deal would really come through soon. Meanwhile, Yen and Dollar are the weaker ones. Yen's selloff in in tandem with the strong upside breakout in Nikkei today. Technically, immediate focus is on 1.2272 resistance in EUR/USD. Break there would further affirm EUR/JPY's broad based strength. Separately, we'd also keep an eye on 0.8822 support in USD/CHF. Break will resume the larger down trend, and could prompt deeper decline is Dollar elsewhere. In Europe, currently, FTSE is up 2.03%. DAX is up 0.23%. CAC is up 0.46%. Germany 10-year yield is down -0.011 at -0.565. Earlier in Asia, Nikkei rose 2.66%. Hong Kong HSI rose 0.96%. China Shanghai SSE dropped -0.54%. Singapore Strait Times rose 0.28%. Japan 10-year JGB yield rose 0.0052 to 0.027. | 