From Marc to Market:
Overview: The dollar is mixed against the G10 currencies today. Fanned by Japanese official caution about exchange rate developments, and perhaps what seems like a successful between President Trump and Japanese Prime Minister Takaichi, the dollar is snapping a seven-day advance against the yen. The dollar bloc and sterling are under-performing, while the roughly 1.75% drop in crude prices, the third consecutive declining session, put the Norwegian krone at the bottom of the G10 today. Emerging market currencies are mixed. And despite the stronger yuan, and the PBOC setting the dollar's reference rate at a new one-year low, Asia Pacific currencies were mixed.
Equities are struggling today. Nearly all the bourses in the Asia Pacific fell, and Europe's Stoxx 600 is threatening to end its three-day advance. After gapping higher for the past two sessions, the S&P 500 and Nasdaq futures are little changed now. Benchmark 10-year yields are mostly softer, though peripheral European yields are a little firmer. The 10-year Gilt yield is off two basis points, the most in Europe and rivaling Japan's nearly three basis point decline. The 10-year US Treasury yield is a little softer and hovering slightly above 3.97%. The US Treasury sells $44 bln seven-year notes today....
....MUCH MORE
Earlier today:
"Japan names specific projects for US$550b US investment" (CCJ; BN; GEV; 6501:TYO)
