⚠️Risk Driving G10FX

Wednesday session saw G10FX/USD trading in line with the U.S. 10-year yield. Equities traded positively, S&P closing almost 1% up, crude oil rallied $3.8/bbl, the 10-year yield up by 7bps. In G10FX, this translated into gains led by commodity currencies, NOK +1.3% was followed by CAD 0.9%. The high-beta FX rally was at the cost of JPY and USD, dollar-yen cross closed 43p up, CADJPY 110p up.