Yields continue to fall as risk sentiment remains weak
The drop in yields is putting further pressure on yen pairs (helping to keep the yen bid) on the session with USD/JPY briefly touching a low of 110.08 moments ago. Markets are basically in risk-off mode right now with US equity futures also down by 0.9% while European equities are bleeding further as in trading this morning.
At this stage, it's going to take a lot for Wall Street to try and turn things around on the day so just be wary of further extension in the risk-off mood. If anything else, look out for headlines to come from senior US officials and potentially Trump himself to address the gloomy mood seen so far today.