The dollar is making a stand after the slew of US data yesterday, which prompted some mixed reactions initially. But ultimately, the bond market was the one that made the difference as higher yields helped to underpin the greenback. 10-year Treasury yields moved up by nearly 10 bps to hit 4.30% and is holding just under that now around 4.28%.That also helped to keep the equities momentum more limited, with US futures also looking fairly cautious to start the day. As we look to close out the week, the Japanese yen remains in focus ahead of the BOJ policy meeting next week. So far, yen bulls are relatively quiet and aren't able to hold on to much conviction as USD/JPY runs back up above 148.00
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