If anyone found something positive in that report can you let me know because I'm flummoxed as to why we're going up after it
US Treasuries are probably one reason as yields rise along the curve. Both 5's, 10's and 30's are up 5bps each with 10's posting 2.04%. 30's are at 2.64%
Stocks are gaining too with the S&P +8 at 2113, Dow +109 at 18242 and the Nasdaq is up 33 at 4997, having posted at 5000 high.
USD/JPY will cast its gaze on the 11/12 Feb highs around 120.35/48 but has bigger bananas hanging at 120.70
USD/JPY daily chart
Bulls will be hoping that 120 holds on a retest and it's held one attempt so far
Both cable and the euro are suffering and EUR/USD has dropped below 1.1200 once again
