Bonds are helping the bounce back
The US dollar continues to march higher earlier in the week as it scrapes itself off the floor from a terrible start to the year.
The dollar is up 30-40 pips across the board. The gains started as 10-year yields broke last week's high and have continued even as bonds consolidate.
I haven't seen anything that's particularly USD-positive but the talk of a meeting on markets from Japanese officials could be putting a bid in USD/JPY.
Trump did an interview where he said he tweeted in bed and repeated that he was a stable genius.
Some short-term technical levels are tipping and we're early in the week so I don't think this is one to fade, at least not yet.
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