USD/JPY is getting a lift from a further pop in US interest rates. 10-year note yields are up to 3.76%, helping push the greenback to new highs at 91.80.
EUR/USD is being undermined by widening spreads in favor of the dollar. The 10-year note yields 50 bp more than a 10 year German bund, the widest spread since June 2007. Where was EUR/US the last time they were this wide? 1.37.
The S&P 500 continues to flirt with the 1120 level. A break looks like it will support the greenback.
