Thoughts from today's trading session With the S&P 500 trading to a new record high and continuing to eye the top of the multiyear channel resistance, there seem to be a number of countertrend moves taking place. Around the Asia region today, equities are generally offered, with the Nikkei leading the way. The USD has been sold, predominantly against the JPY and AUD, while the JPY has been the star as it rallied against all G10 currencies. Commodities are generally flat, although energy is seeing better buyers. (VIEW LINK)