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USD/JPY bids above Cloud, but yields & stocks at odds

USD/JPY bids above 119.79 Cloud top; export & spec offers at 119.50; light stops above Yield rise partially offset by risk-off from stocks, but trying to find a balance Early spike in Treasury & other DM bond yields back…

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  • USD/JPY bids above 119.79 Cloud top; export & spec offers at 119.50; light stops above

  • Yield rise partially offset by risk-off from stocks, but trying to find a balance

  • Early spike in Treasury & other DM bond yields backing off; helps stocks

  • 10-yr JGB yields capped by Mar high so far; Treasury yields breached down TrendLine from '14 high

  • 1.3b of 120 expiries today

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