Risk is less brisk but it is on none the less.
US equities are holding some gains, up 0.75% just below 1100 while bond yields are off their highs but still nearly 9 bp higher on the day at 2.72% in the 10-year maturity.
Commodity currencies like AUD and CAD are the big beneficiaries. AUD is at 0.9150 afte rallying as far as 0.9175 after the employment report. USD/CAD is at 1.0415 from 1.0400 lows.
I like a small USD/JPY long with a tight stop below 84.20, based on the durable jump in US yields.
