Good Morning,

It looks like some serious developments are taking place in the Ukraine with some Russian spokesperson actually stating the they want to start WWIII....just can't believe this stuff at times. In any event the markets are under pressure, but not yet at the FEAR stage. When that happens you should see the USD strengthen. At the moment its all about the JPY.

Especially for "Y in HK" here are the up to date levels in the charts that are on my radar. They have moved a little as about 6/7 days have passed since I first noted these.  At these levels we should come under pressure, but the lead will come from the USD/JPY. I am looking at 102.00 as a level of interest but I would also imagine that there will be  stops building below there so let the two-way action take place if there is some but  <span style="text-decoration: underline;"><strong>DO NOT</strong></span>  just blindly go short at 102.00 as there will be volatility.

<span style="text-decoration: underline;"><strong>KEY LEVELS TO WATCH IN JPY:</strong></span>

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USD/JPY: 102.00....maybe look below 101.80 which was a previous resistance now support.