Daily Market Notes
158.51 Went at 09:54 UTC — in London, Not Tokyo, with Both Cash Markets Shut
The 158.51 high this desk has watched since 7 October went at 09:54 UTC, and it went in London — Tokyo was shut for Sports Day, the US Treasury cash market was shut for Columbus Day, and Canada was shut. Dollar-yen printed 158.61, twenty-one pips above where the Asian session stopped and ten above the mark, on a day whose stated driver is crude oil that four publishers price across a five-dollar band. With the bond market closed there is no yield print to confirm the break. Also: euro-dollar at a 1.1185 day low, and the French ten-year spread computes to 139.8 basis points against a 140.6 threshold that did not go.