 Hi, good morning, and welcome to today's products and focus so overnight We saw most global equity markets drift that a little bit lower Actually a little bit of a doji formation at the bottom of the US 30 app potential support 17777 We also have comments from the Bank of Japan last night The governor of the Bank of Japan basically saying that what yen weakness The exchange between a dollar. He doesn't expect to go that much further So he's been quite a big turnaround in doll. Yeah, but we'll come back to that in a second As you can see there the breakout off the UK 100 continues Quite aggressively to the downside 66 86 is an exponential support level there Crudiles taking up goals taking up Commodities actually doing okay As a dollar begins to lose a little bit of momentum across the other FX pairs We've seen the actual dollar take a bit of a back-back foot Which would be quite interesting considering all the comments about the entry decisions Of course of timber other macro data coming to the US etc. Etc. So looking at Japan 225 They get negative the SD close closed on support Volatile sessions the capital 21 period SMA a lot of Asian markets are actually taking up a little bit on the back of the inclusion of the potential inclusion anyway of the Shanghai stock index and other Chinese stock indices in Big global tracker funds which a lot pension hedge funds have access to that would inject about another $400 billion into those markets, but they're not doing it yet, but they're gonna review it It's very likely in the future to be built that bring in mind how important Chinese equities are probably gonna be to the To the global economy going forward. So that has given Japan to do five little bit of an extra boost But that doll yen exchange rates really gonna hurt Japan to do five about see anything Too aggressive. So let's have a look at the effects here right now. You can see the downwards action that we had right there That was mainly overnight. So smashing below 124 42 121 87 is gonna be the next potential support and we have just bounced off that 21 period SMA So it does give us a little bit of extra breathing room It needs to come off a little bit anyway after soldering on so quickly and such a short space of time so But this is quite an aggressive negative candle to have especially after a do the formation the day before So from a technical perspective pressure remains obviously those comments is for verbal intervention by the Bank of Japan They're not saying they're gonna be doing anything But just that they believe that the exchange rate against the dollar had already reached a potential peak