US yields have reversed early losses and are up about 7 bp from their lows after the weak jobless claims data this morning. 10-Year notes at at 3.49%. up 3.5 bp from yesterday’s close. USD/JPY is getting a mild boost from the rise in yields, now testing resistance around 83.45.
EUR/USD is steady in the 1.4485 area after stalling just above 1.4500 after Germany hinted that the CNY might be added to the IMF’s SPR basket, now inhabited by the dollar, euro, pound and yen.
