The economic data calendar is light today but the market will have plenty of emotion after the drama yesterday and the moves so far in Europe.
The bounce back to 107.00 in USD/JPY leaves the pair about where it ended US trading yesterday.Better earnings from Citigroup and a bounce in European stocks is helping.
What’s changed is that the bond market has been absolutely roiled.
US 10-year yields are just off the 2.17% low of the day at 2.19% after opening the day at 2.25%, it’s the lowest since May 2013 and shows that maybe stock is as important as flow.
US 10 year yields
