Honey, I melted the servers….
Now that’s we’re back, he’s a bit of catch-up.
USD/JPY fell to 85.07 as US 2-year note yields fell to a record 0.5%. Options-related selling and selling linked to exotic structures like power reverse dual currency bonds (bonds which essentially make middle-man longer dollars the lower it goes…)
EUR/USD broke the 1.3262 trend high and rallied as high as 1.3283. 1.3300 barriers are rumored while 1.3365 is the near-term topside target.
