The market was dumping bonds after the break of the 200-day moving average last week and had been resilient even as stocks slumped but today 10-year note yields are threatening to break 1.75%.
If support breaks, look for further pressure on USD/JPY.
Shortly after the open of the market next week, Japan releases September retail sales. I have been reading some corporate commentary saying consumer demand in Japan has been dismal so there is downside rise to the -1.5% exp.
