Japanese yen led the session in the G10FX ex CHF, overnight heading into NY session risk off sentiment pushed safe haven currencies higher
USD lost ground vs. CHF and JPY, the latter pushing below the 109.50 level. Swiss franc closed below 0.9150. U.S. 10-year Yield down 5bps, the NY session saw yields below 1.25%
Risk assets reversed losses, with the S&P 500 closing at an all-time high and crude oil paring most of the ground lost in AM hours
Despite the reversal in equities, FX did not follow the risk on bid with the JPY retaining most of its gains vs the group
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