 Yen's selloff is a dominant theme in the markets today as major global treasury yields strengthen. In particular, Germany 10-year bund year is back at around -0.18, above -0.2 handle. US 10-year yield is trading at 1.675 at the time of writing, with a take on 1.7 handle before weekend a possibility. Dollar recovers mildly after solid GDP and better than expected jobless claims. But it's merely in consolidation against others except Yen. Canadian Dollar continues to be the strongest one, but Aussie and Kiwi retreat. Technically, the strong rally in CHF/JPY in the past two days is worth a special mention. Key long term resistance level at 118.59 is finally taken out decisively. It's now extending the whole pattern from 101.66 (2016 low), and should target 100% projection of 101.66 to 118.59 from 106.71 at 123.64 in the medium term. If that's the case, we'd more likely seen other Yen crosses climb faster ahead. In Europe, currently, FTSE is up 0.60%. DAX is down -0.42%. CAC is up 0.42%. German 10-year yield is up 0.040 at -0.186. Earlier in Asia, Nikkei rose 0.21%. Hong Kong HSI rose 0.80%. China Shanghai SSE rose 0.52%. Singapore Strait Times rose 0.06%. Japan 10-year JGB yield rose 0.0098 to 0.095. | 
What drives the global financial markets to shift gears? Is it geopolitical uncertainty , central bank decisions , or the relentless march o...
