Global treasury yields softened mildly this week, which helped the rebound in US and European stocks yesterday. But the positive sentiment is not much reflected in Asian session today so far. Selloff in Swiss Franc and Yen, and to a lesser extent Euro, appears to be slowing. But these three remain generally weak. Dollar is trying to extend its rebound but struggles to gain momentum against commodity currencies. Australian Dollar is steady after uninspiring RBA statement. Technically, WTI crude oil appears to be losing much upside momentum just ahead of 65.43 key resistance. Focus is back on 58.57 support and break should confirm the start of a near term correction, at least. That might drag down the Canadian Dollar as well overall risk markets. Correspondingly, in this case, we might see CAD/JPY dropping through 83.18 support to start a near term correction too. In Asia, currently, Nikkei is down -0.55%. Hong Kong HSI is down -0.66%. China Shanghai SSE is down -0.99%. Singapore Strait Times is up 0.26%. Japan 10-year JGB yield is down -0.0189 at 0.138. Overnight, DOW rose 1.95%. S&P 500 rose 2.38%. NASDAQ rose 3.01%. 10-year yield dropped -0.014 to 1.446. | 