Yen remains the weakest one today, but there is some short covering as global benchmark treasury yields also retreat. Selling focus is turning Sterling instead. For now, Aussie and Dollar are the strongest one for the day, followed by Canadian. Euro is mixed, helped by recovery against Swiss Franc. Gold recovers quickly after initial dip and it's struggling to get a clear direction. WTI oil is trying to defend 110 handle. Technically, GBP/AUD is breaking through 1.7412 low to resume the down trend from 2.0840 (2020 high). Near term outlook will stay bearish as long as 1.7839 resistance holds. Next medium term target is 61.8% projection of 2.0840 to 1.7412 from 1.9218 at 1.7099. GBP/USD might also trying to catch up and break through 1.2999 near term support to resume larger down trend. In Europe, at the time of writing, FTSE is up 0.43%. DAX is up 1.41%. CAC is up 1.34%. Germany 10-year yield is down -0.019. Earlier in Asia, Nikkei dropped -0.73%. Hong Kong HSI rose 1.31%. China Shanghai SSE rose 0.07%. Singapore Strait Times rose 0.54%. Japan 10-year JGB yield rose 0.0196 to 0.260. | 