US bond yields are off their highs, now at 3.72% after reaching nearly 3.75% ahead of the data. Rates are still firmer than yesterday’s high yields.
EUR/USD’s bounce reached 1.4315 before sipping back to 1.4305.USD/JPY has backed away from 91.64 highs and trades now at 91.35. AUD/USD has rebounded to 0.8815 from 0.8780 ahead of the data. There was talk of Asian reserve manager selling in AUD overnight, a shift from the norm in that pair.
