Bond yields fall off, keeping bids in the dollar and yen
US 10-year yields were keeping more steady at the start of the session but has quickly dropped off to session lows, near 1.62% over the last 15-20 minutes.
The overall risk mood continues to be tempered by the situation surrounding the new coronavirus outbreak and that is still spreading fear across markets today.
USD/JPY is slightly back under the 109.00 handle while we’re seeing the dollar push further gains against the likes of the aussie, kiwi, and loonie. The euro also lost a bit of ground, not helped by a weaker Ifo survey release earlier.