Trading in the Asian markets is relatively subdued again. Asian stocks are mixed even though DOW and S&P 500 rose to new record highs overnight. Dollar continues to fail to find a committed direction. While the greenback remains firm against Euro, Swiss Franc and Yen, it clearly lacks upside momentum against commodity currencies. With a light calendar today, the markets could need to wait for next week to come back to life. Technically, one development to note is that Sterling is apparently turning weaker against both Euro and Yen. There is prospect of more weakness in the Pound in these two crosses. That, if happens, could trigger deep pull back in GBP/USD through 1.3766 minor support, which in turn feeds back into EUR/GBP and GBP/JPY. In Asia, at the time of writing, Nikkei is up 0.05%. Hong Kong HSI is down -0.99%. China Shanghai SSE is down -0.37%. Singapore Strait Times is down -0.66%. Japan 10-year JGB Yield is down 0.0006 at 0.025. Overnight, DOW rose 0.04%. S&P 500 rose 0.30%. NASDAQ rose 0.35%. 10-year yield rose 0.028 to 1.367. | 