Just as we saw yesterday, a pre-open buying panic in stocks has been triggered by a selling scramble in JPY against the USD (which ramped the pair to the crucial 200DMA). Treasury yields are following suit (10Y bounced off 2.50%) and pushing higher (30Y above yesterday's high yields). The USD is well bid (on EUR weakness) and precious metals are modestly lower. Copper is under pressure. Just remember how yesterday's pre-open run-stop ended...
JPY leading the way...
[4]
dragging yields higher...
[5]
Charts: Bloomberg