In FX, USD/JPY is one of the big movers with the pair falling from 146.30 to 145.50 on the day as 10-year Treasury yields sliding to just under 3.90%. But the aussie and kiwi are also being crushed heavily with AUD/USD now down over 2% to 0.6190. The pair held on to the 0.6200 mark in late February and early March but is under threat to see that break today.
At this point, a really bad set of numbers from the US jobs report may really send things over the edge more so than what we're seeing. Should we start talking about margin calls, anybody?
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