Little reaction in the currencies market still though
Another day, another Trump trade headline.
European stocks have turned negative on the day with the DAX leading losses now falling by almost 0.9% while US equity futures are also falling with the Nasdaq futures now slipping into negative territory too.
Despite all of this, yen pairs are actually holding up rather well. The only thing I can point to here is that despite the minor selloff in stocks, US Treasuries continue to hold steady. 10-year yields are still up 0.9 bps on the day @ 2.847% - little changed from the headlines as well.
