Early signs of a risk-off move is being observed
USD/JPY has pared all gains on the day and trades near the lows now at 110.35, meanwhile US 10-year yields have also fallen to session lows of 2.91%. S&P 500 futures have also turned negative and European equities are all seeing red.
The dollar is the other beneficiary from all of this as the euro falls to its lowest levels since July 2017, and the dollar index trades to a high 95.50 on the day - far and above the earlier resistance level at 95.15.
A lot of things are suddenly going on right now with oil prices also continuing to take a fall as more OPEC comments hit the wires, and with the BOE monetary policy decision set to come, traders aren't going to have much time to settle down still.
The spread between Italy and Germany 10-year bond yields have now jumped to its widest in one week:
