Well what do you know…
US yields are firming further in the wake of a very robust US manufacturing report from the Institute for Supply Management. We’re up 9 bp on the dy at 3.46% in 10, up an additional 3 bp or so from ahead of the data.
USD/JPY is a big winner, testing resistance around 81.90/00 after the data. Small stops are seen above the 82.00/05 level.
EUR/USD has dipped lower in its range but is holding minor support around 1.3730.