EUR-USD settled to the upper 1.06s after diving to a three-week low of 1.0638 yesterday. The move was concomitant with a spike in the dollar’s yield advantage to the 179 bp area in the 10-year T-note versus Bund comparison, up from levels nearer 170 bp that were seen earlier in the week. USD-JPY settled modestly lower after surging to a three-week peak of 120.74 during yesterday’s dollar-led rally. The Nikkei stock index briefly traded above 20k, which invited some yen selling, which proved to be short-lived, before the index tipped lower.