BOE the main event on the agenda in the session ahead ...Middle East

Both the dollar and Treasury sellers look like they're in to be squeezed right now, after a turn in the bond market yesterday. 10-year yields tumbled by nearly 20 bps after Yellen's hub announced a wave of supply that is less fearful for traders. The greenback dropped as a result and this is keeping things rather interesting ahead of the US jobs report tomorrow. I shared some thoughts here.In other markets, equities look to benefit as the Nasdaq secures a recovery back above its 200-day moving average while the S&P 500 is nearing a test of that same level now.As for the dollar, it is in a bit of a bind as USD/JPY drops back to 150.40 after a breakout above the figure level yesterday. EUR/USD

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