The Yen Is Getting pummelled Again Tonight

In addition to the big bond selloff, the other big theme in the market is the yen selloff, and we’d argue that they’re one in the same, because investors hold US Treasuries and Japanese yen when they’re feeling super-cautious.

The selling continues in both tonight.

Yields on the 10-year US Treasury is now above 2.3%, and the dollar has risen to above 84.11 vs. the yen, continuing a major power move.

chart

Photo: Nikkei.com

Meanwhile, the Nikkei is higher, and US futures have ticked higher as well, so it seems that the good vibes are continuing in modest fashion.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

moneygame-us yen