Yen pairs carving out ne session highs
USDJPY now up to a session high of 110.75 and EURJPY and GBPJPY follow suit with similar moves.
US yields continue to rise with 10's now up the best part of 3bps to 2.34%, They've been 3 pips short of 2.35%.
It's hard to tell if this is just a dead cat bounce or not and I'd be very watchful of it being one, so let the levels be your guide.
USDJPY needs to surmount 110.80 to bring a test of 111.00.
USDJPY H1 chart
While I'm at it, here's the European closes;
FTSE+0.5 %
Cac +0.2%
Dax +0.2%
Ibex +0.3%
FTSE Mib +0.1%
European bonds
Italy 2.27% -5bp
Spain 1.61% -3bp
Portugal 3.93% +2bp
Germany 0.256% -2bp
Greece 7.08% +7bp
