This one is going down to the wire

US 10-year yields have made a fresh high at 3.22%, up 8.4 basis points on the day. That's a worrisome rise for equity bulls but it's good news for USD/JPY (so long as it doesn't wreck stocks).

At the same time, equities are well off their lows. The S&P 500 is down 18 points to 2721. A close above 2711 would avoid an outside negative reversal.

Anything could happen in the last 30 minute of trading.