There is no change in the overall theme in the forex markets. Yen's decline continues and there is no sign of slowing yet. Hawkish comments from Fed officials pushed treasury yields further up. Fed Chair Jerome Powell will speak again today and he's expected to reinforce the message that more aggressive tightening lies ahead. Euro and Swiss Franc are currently the next weakest for the week. Sterling is surprisingly the strongest for the week, thanks to buying against Euro and Franc. But Australian and New Zealand Dollar are not too far away. Dollar and Canadian are stuck in the middle for now. Technically, Gold is worth a watch for the rest of the week as it should be about time for a range breakout. The rejections by 4 hour 55 EMA keeps more decline in favor. Break of 1894.77 will resume the fall from 2070.60 towards 1780.10/1853.70 support zone next. However, break of 1949.55 resistance will extend the rebound from 1894.77 towards 2070.06 high. The next move in Gold might also come with corresponding breakout in EUR/USD. In Asia, at the time of writing, Nikkei is up 2.80%. Hong Kong HSI is up 1.75%. China Shanghai SSE is down -0.12%. Singapore Strait Times is up 0.47%. Japan 10-year JGB yield is up 0.0066 at 0.226. Overnight, DOW rose 0.74%. S&P 500 rose 1.13%. NASDAQ rose 1.95%. 0.058 to 2.373. | 