Bond selloff underway
It's like hopscotch in this market.
You go from worrying about bonds, to China, to earnings, to the Fed and then back to bonds.
US 10-year yields are up 7 basis points and just touched 3.20%.
In turn, that's sparked a run in USD/JPY up to 113.25 from 1.1300, stops were hit after the break of the 113.12 session high.