Inflation data were the main drivers in the forex markets in the past 12 hours. New Zealand Dollar turned slightly weaker after Q1 CPI came in lower than expected, despite surging to 30-year high. On the other hand, Canadian Dollar remains supported by the stronger than expected CPI readings released overnight. Dollar's retreat appears to be relatively brief in general, as it's regaining some ground against European majors. Yen also turned weaker in very tight range, as it's now in consolidations. For now, Loonie is the strongest one for the week, followed by Aussie and then Kiwi. Yen remains the worst, followed by Swiss Franc and then Sterling. Dollar and Euro are mixed. Technically, EUR/CAD's down trend resumed already by breaking through 1.3541 temporary low. GBP/CAD also breaks through 1.6292 temporary low too. At the same time, CAD/JPY is extending recent up trend and edged higher to 102.93. It's on track to 61.8% projection of 89.21 to 100.17 from 98.17 at 104.94. In Asia, at the time of writing, Nikkei is up 1.05%. Hong Kong HSI is down -1.74%. China Shanghai SSE is down -1.60%. Singapore Strait Times is up 0.46%. Japan 10-year JGB yield is down -0.0004 at 0.254. Overnight, DOW rose 0.71%. S&P 500 dropped -0.06%. NASDAQ dropped -1.22%. 10-year yield dropped -0.073 to 2.840. | 