The US dollar is mixed. Softer against the European complex, but firmer against the dollar bloc. It is essentially flat against the yen. Equity markets are advancing and the Nikkei, which gapped above the 3-year downtrend line yesterday, extended its gains by another 1%. Spanish and Italian bond yields are lower. Japanese yields continue to edge higher, with the long-end of the curve continuing to steepen gradually. The 10-20 year spread is near a 13-year high, for example. The BOJ's Shirakawa met with Abe briefly (20 minutes, according to press reports). The last big event of the week is the BOJ meeting that concludes on Thursday.