A very quiet Asian morning while looking to BoJ's rate announcement

$E-mini S&P 500 Futures(SEP4)(ESmain.US)$ (4 Hour Chart) -[BULLISH ↗ **]As expected, S&P futures pushed higher. We maintain our bullish directional bias, still expecting S&P to continue pushing higher towards 5560.00 resistance. Technical indicators are still advocating for a bullish scenario for now.

$USD(USDindex.FX)$ (4 Hour Chart) -[BEARISH ↘ *]DXY is now toppish and holding close to key near-term resistance at 105.310. We turn low conviction bearish, expecting the DXY to pullback lower towards 104.860 support. Technical indicators are mixed for now with bearish divergence noted on RSI indicator.

$Gold Futures(AUG4)(GCmain.US)$ (4 Hour Chart) -[NEUTRAL]Gold price broke below previous support invalidating previous view. We turn neutral for now between 2330.00 resistance and 2313.00 support. Only a candlestick close above 2330.00 resistance will open a short term bounce towards 2350.00 resistance.

$Nikkei 225(.N225.JP)$ (4 Hour Chart) -[BEARISH ↘ *]NIKKEI dropped lower and closed below previous support at 38560. We prefer to turn low conviction bearish for now. As long as price is holding below 38850 resistance, a further drop towards 32300 support is expected. Technical indicators are starting to turn bearish with MACD showing a build up of bearish momentum.

$HSI Futures(JUL4)(HSImain.HK)$ (4 Hour Chart) -[NEUTRAL]We maintain our neutral view as HSI is still consolidating between 18200 resistance and 17880 support. Only a candlestick close below 17880 support will open a deeper drop towards next support at 17500. Technical indicators remain mixed for now.

$FTSE Singapore Straits Time Index(.STI.SG)$ (4 Hour Chart) -[BEARISH ↘ **]View remains unchanged as STI continues to drop lower below 3335.00 resistance. We still maintain our bearish directional bias and expecting price to drop towards 3280.00 support. Technical indicators are turning bearish for now with the market now holding below 34 period EMA and MACD is starting to cross below the 0 level.

US markets were quiet last night with the $E-mini S&P 500 Futures(SEP4)(ESmain.US)$ and $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US)$ closing mixed, even though PPI and unemployment claims data showed further weakness. This should have seen markets rally higher. However, the markets at this point seem to be more driven by earnings at this period as compared to economic data. With the heavy economic data now behind us, traders can take a breather going into the weekend.Unlike the US markets, Asian equity indices all opened lower this morning as traders gear up for Japan's BoJ interest rate announcement happening later today. The $FTSE Singapore Straits Time Index(.STI.SG)$ drifted lower by -0.31% resuming the bearish sentiment from the start of this week. $HSI Futures(JUL4)(HSImain.HK)$ opened flat dipping lower only by -0.12%. Similarly, $Nikkei 225(.N225.JP)$ also opened flat as investors are now sitting at the sidelines preferring to take a "wait and see" approach.

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