US 10-year yields are at session lows and USD/JPY is tracking lower after the claims number. Commodity currencies are getting smacked around
There is an option expiry in USD/JPY at 81.50 at 1400 GMT so that may stall the sell off around these levels but watch yields for further clues. If the US 10-year is at 1.96% but if support at 1.94% breaks we could see a broad flight to safely.
Next week’s initial jobless claims number looms large.
