The US 5-year auction was exactly average, with the bid to cover right in line with the 10-auction average. Yields continue to climb this afternoon with 2-year notes now yielding 1.10%.
USD/JPY has reached 92.24, so far.
EUR/USD continues to hold above the 1.3300 level amid the usual talk of options-protection 25-3. pips above the trigger.
