Firmer U.S. Tsy Yields Buoy Greenback, Yen Prints Multi-Decade Lows

The greenback leads gains in G10 FX space as U.S. Tsy yields inched higher in morning Tokyo trade, with 2-year yield having a look above 3.5% for the first time since 2007. The BBDXY index has crept higher but is yet to test Wednesday's highs.

• NASDAQ 100 e-minis have led U.S. equity futures lower amid reports of U.S. officials halting the export of some computing chips to China.
• That said, there has been no significant spillover from the equity space into G10 FX thus far. High-beta currencies like AUD, NZD and CAD trade on a firmer footing, while the safe-haven yen lags behind.
• Spot USD/JPY advanced as the greenback caught a bid. The pair ripped through resistance from recent cyclical highs running as high as to Y139.49 (where it sits at typing), its best level since 1998.
• PMI readings from across the globe will keep hitting the wires today, with China's Caixin M'fing PMI providing the main point of note in Asia. Australian capex, EZ unemployment as well as U.S. jobless claims & construction spending are also eyed.
• The central bank speaker slate features Fed's Bostic, ECB's Centeno, Norges Bank's Bache & Riksbank's Ingves.