Yen trades generally lower today following surging treasury yields and some firmness in stock markets. While it's not yet a full risk-on market, sentiments are positive for now. Swiss Franc, Euro and Dollar also turn slightly softer. On the other hand, commodity currencies and Sterling are trading generally higher. Technically, the downside breakout in EUR/GBP yesterday was a bit disappointing as it quickly recovered, as Sterling's rally attempt faltered. Though Euro still looks rather vulnerable for now. In particular, EUR/CAD is set to test on 1.4790 low again and break there should confirm resumption of larger down trend. Developments in EUR/CAD would be an early indication of more broad based Euro selling. In Asia, currently, Nikkei is up 0.07%. Hong Kong HSI is up 1.18%. China Shanghai SSE is up 0.59%. Singapore Strait Times is up 0.70%. Japan 10-year JGB yield is up 0.0123 at 0.082. Overnight, DOW rose 0.30%. S&P 500 dropped -0.09%. NASDAQ dropped -0.60%. 10-year yield rose 0.061 to 1.721. | 