Risk-off is kicking in as the US session progresses but US stimulus talks do not.
In the latest update, a call between the Dems has given the market renewed negative sentiment:
Moments after the updates, risk fell off a cliff with the S&P 500 extending losses to a low of 3433, and to trade down over 1.4%.
USD/JPY was supported by S&P slide in NY, that favours top haven USD.
Session high so far 105.50 vs the Wednesday & Thursday highs that were at 105.51/50.
The dollar is currently a slightly better haven than the yen and Treasury yields are firming on fiscal relief hopes, as well as the strong September Retail Sales.
More to come…
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