• JPY leads, NZD lags on the day
  • European equities higher; S&P 500 futures up 0.6%
  • US 10-year yields down 8 bps to 2.998%
  • Gold up 0.5% to $1,862.68
  • WTI crude down 1.0% to $102.05
  • Bitcoin up 2.5% to $31,700

It was a quiet session for the most part as risk sentiment bounced back or at least steadied a little in the aftermath of yesterday's bloodbath.

European indices are settling higher though gains are still barely halving yesterday's drop while US futures are up slightly but without any real conviction to turn around the sharp decline in Wall Street yesterday.

It is still early in the day so the latest bounce may yet be a tentative one. The bond market is seeing some added bids, continuing from yesterday with 10-year Treasury yields testing 3% again at the moment.

In FX, the dollar is keeping more mixed but is little changed overall amid some pushing and pulling. The greenback was weaker early on as risk recovered but is holding its ground for the most part now ahead of US trading.

EUR/USD is not much changed, lingering around 1.0550-60 levels while GBP/USD is up just 0.1% to 1.2340 currently.

USD/JPY is seeing a slight retreat from 130.20 to just below 130.00 as bond yields also fall back a fair bit. Elsewhere, AUD/USD is keeping flattish around 0.6950-60 levels mostly while USD/CAD is seen flirting with a firmer break of 1.3000. Both the aussie and loonie are looking vulnerable but amid a steadier risk mood are able to hold on for a bit more at the moment.