Overall outlook in the financial market is unchanged, with Yen selloff as the main theme, as major global treasury yields continue to march higher. Euro is second weakest after ECB officials talked down the threat of inflation. Australian Dollar is trading broadly higher, followed by Kiwi. Dollar, Sterling and Loonie are mixed, with the greenback trading with a lower hand. Technically, even Swiss Franc surges sharply against Yen as seen in the strong rally in CHF/JPY. Such development suggests that correction from 122.74 has completed at 117.51. Decisive break there will resume larger up trend from 2019 low at 106.71. If happens, there could be another round of upside accelerations in Yen crosses in general. In Europe, at the time of writing, FTSE is up 0.38%. DAX is down -0.34%. CAC is down -0.19%. Germany 10-year yield is up 0.0293 at -0.119. Earlier in Asia, Nikkei rose 1.60%. Hong Kong HSI rose 1.96%. China Shanghai SSE dropped -0.01%. Singapore Strait Times rose 0.02%. Japan 10-year JGB yield closed up 0.020 at 0.097. | 