10-year Treasury yield is down -1.1 bp to 2.82%, while JGBs we | kamal

10-year Treasury yield is down -1.1 bp to 2.82%, while JGBs were supported after BoJ left rates on hold and pledged unlimited bond buying to maintain the cap on the 10-yr yield. Yen tanked after the statement and #USDJPY rockets higher towards 130.00 as the USD remains supported by haven flows and speculation of aggressive Fed tightening. #USDIndex the main leader, at 103.70 highs. Nikkei gained as BoJ continued to pledge support and Yen dropped, leaving the index up 1.5%. US futures are also higher, with a 1.3% rise in the USA100 leading the way, driven by strong earnings from Microsoft, Visa and Facebook. #Facebook owner Meta beat Wall Street forecasts and said it had eked out user growth, sending its shares up almost 20% after hours. #Oil is currently trading at $101.08, with yesterday’s gains already erased. China’s capital Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the city’s 22 mln residents embarked on more COVID-19 mass testing.

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