• JPY leads, AUD lags on the day
  • European equities lower; S&P 500 futures down 0.2%
  • US 10-year yields up 3 bps to 1.738%
  • Gold flat at $1,821.54
  • WTI up 0.7% to $82.70
  • Bitcoin down 1.7% to $42,103

Headlines were few and far between once again on the session as the market proceeded with a sense of caution on the day.

Risk tones were largely more tepid earlier but have turned slightly more negative in the past hour, as US futures are in the red and we are seeing commodity currencies slump. That might owe to Treasury yields nudging a little higher, with 10-year yields up to 1.738%, so that could be dragging down tech stocks once again.

European indices are modestly lower, playing some catch up to the drop in Wall Street yesterday.

In FX, the yen was an early gainer in Asia trading and that stayed the course in Europe as well. USD/JPY hovered around 113.65-80, keeping below the 114.00 handle during the session.

The dollar is more mixed, trading lower initially but as risk sentiment is looking iffy, it is recovering some ground. USD/CAD fell to a low of 1.2470 before climbing back up to 1.2510. Meanwhile, AUD/USD eased from 0.7290 to 0.7250 currently. Even EUR/USD saw early gains evaporate from 1.1480 to 1.1445 at the moment.

It's all about the risk mood to wrap up the week with US retail sales data set to offer something for markets to chew on before the weekend comes along.