Trading Day: Stock selloff snowballs, Japan wobbles.The tech-induced selloff across global stocks accelerated on Tuesday and soft U.S. labor market indicators also weighed on Wall Street, while fiscal worries in Japan helped drag Japanese stocks, bonds and the yen lower.
U.S. Dollar Gains Ground As Traders React To Economic Reports: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is moving higher as rebound continues.
Who Will Buy The Yen? A New Era For Japan's Debt Market.Japan just sent a shockwave through global bond markets. The country's 20-year government bond yield surged to 2.75%.
Tech Slide Continues, Yen Still Lacks BoJ Signal.Global markets remain under pressure today as risk sentiment deteriorates further across regions. Europe opened firmly lower, tracking the broad declines seen earlier in Asia, while U.S. futures point to another weak session.