The morning opened with stocks decoupled from FX carry - despite some random Nikkei headlines to juice JPY - and S&P futures pinned to 5Y yields (as the correlated pair of choice for now). S&P and Dow have rallied back into positive territory for April - so Mission Accomplished for now...
For get JPY for now... equities are all about bonds...
[4]
as TSY weakness lifts the S&P to unch for April...
[5]
Charts: Bloomberg