Yen trades broadly higher in Asian session, following broad based weakness in the stock markets. Nevertheless, mild risk-off sentiment is providing no support to Dollar, nor the hawkish comments from Fed officials. Dollar remains the worst performing one for the week, followed by Swiss Franc. Yen is now the strongest, followed by Aussie and Kiwi. The economic calendar is active today with UK GDP and US retail sales, which could be market moving.

Technically, as Yen appears to be picking up buying, we’ll pay some attention to its pairs. In particular, break of 130.01 minor support in EUR/JPY, and 154.86 minor support in GBP/JPY, will argue that the near term rebound in them are over. We could then see Yen crosses accelerating downward in general, with USD/JPY being dragged further towards 112.52 structural support.

In Asia, at the time of writing, Nikkei is down -1.76%. Hong Kong HSI is down -0.99%. China Shanghai SSE is down -0.59%. Singapore Strait Times is up 0.37%. Japan 10-year yield is up 0.0190 at 0.150. Overnight, DOW dropped -0.49%. S&P 500 dropped -1.42%. NASDAQ dropped -2.51%. 10-year yield dropped -0.014 to 1.711.