Us 2-year notes are up 4 basis points in yield, a huge move considering the sucker yields only 0.47%.
The 10-year note is up 5 bp to 2.70%.
Those firmer yields should support USD/JPY on dips despite a relatively risk-averse environment today.
Risk aversion was seen in spades overnight with traders noting huge interest to liquidate AUD/JPY and CAD/JPY longs…
