Higher UST yields and weaker technology stocks have led to mixed trading in Asian equities. A modest majority of Asian bourses as well as S&P 500 futures were trading lower at the time of writing. After falling to its lowest level in four years, risk-off trading led to a modest bounce in the JPY and it was an outperformer during the Asian session. The Antipodeans and CAD were the underperformers during the session. USD: looking for lift-off timing clues in FOMC minutes The USD has pared back some of its early 2022 gains yesterday, while still enjoying a solid start to the year against most G10 FX peers, and the JPY ... (full story)