There isn't really a clear direction in the currency markets today. Sterling's selloff in European session quickly faded. Focus is turning to Yen and Swiss Franc rebound in early US session. Weakness in treasury yield is a factor driving the changes. Japan 10-year JGB yield closed back blow 0.1% handle while Germany 10-year yield is back pressing -0.350. US 10-year yield is also back below 1.6 handle at the time of writing. Dollar is mixed as trading continues to stay cautious ahead of tomorrow's FOMC rate decision. Technically, Sterling has defended near term minor support levels for now, including 1.3777 support in GBP/USD, 0.8650 minor resistance in EUR/GBP and 1.2794 minor support in GBP/CHF. Attention would be back on yen crosses, including 108.3.3 minor support in USD/JPY, 129.02 minor support in EUR/JPY and 150.54 minor support in GBP/JPY. In Europe, currently, FTSE is up 0.66%. DAX is up 0.67%. CAC is up 0.28%. Germany 10-year yield is down -0.015 at -0.346. Earlier in Asia, Nikkei rose 0.52%. Hong Kong HSI rose 0.67%. China Shanghai SSE rose 0.78%. Singapore Strait Times dropped -0.02%. Japan 10-year JGB yield dropped -0.0104 to 0.009. | 