Plenty of opportunity to get chopped up in the markets today…No better example is USD/JPY where we bounced from 84.37 to 85.15 in the space of 23 minutes.
Good sellers are seen in the 85.15/20 area and again toward 85.40/50, traders report.
Firmer US yields re the catalyst for USD/JPY buying as wells as an easing in risk aversion.
10-year note yields have zoomed to the 2.60% level, which should limit dips.
