Michigan sentiment was a bit weaker than expected, at 72.8 versus the consensus view of 73.9.

Fixed income markets are rallying strongly at the moment, suggesting some risk aversion today. Gold is at session lows of $1130, a level we stalled near yesterday, while Oil is 0.60 lower at $78.75. Equities are down as well with the S&P shedding 0.7%

USD/JPY is easier with bond yields, down to 90.85 from above 91.00 a short while ago. US 2-year note yields are down to 0.88% from 0.91 earlier this morning and 10s are at 3.67 from 3.71%.