US sells $35 bln 5 year notes at high yield of 1.411%, awards 6.37% of bids at high.
Bid to cover ratio 2.65, non-comp bids $51.15 mln.
US treasuries trimming gains may lend USD/JPY some much-needed support.
We’re at 82.95 from session low 82.80, where the Giant Panda is said to be lurking. Grrrr……
UPDATE: 83 the figure bid!!! That Ladies and Gentleman is World class foreign exchange analysis. Nobby’s back and I’m off while I’m ahead. Got a few cold Carlsbergs waiting for me……..