The dollar had a big week
King Dollar reigned this week but it was essentially a one-day move with today’s dollar rally accounting for nearly all of the weekly gain.

US futures turn lower, dollar stays more bid as commodity currencies sink
The jitters are still evident in the market as we await Wall Street to enter the fray.

Comments by BOE chief economist, Andy Haldane
Then again, that owes much to the fact that the UK is progressing well on the vaccine rollout. So, that needs to be taken into consideration as well.

The BOJ last bought ETFs on 28 January and held off buying more until today
That said, they still hold a commitment to buy roughly ¥6 trillion worth of ETFs at an annual average pace so that is something to consider unless communicated otherwise. I mean, what better timing to buy more when the market is down.

EUR/USD sellers look to try and seize near-term control
Despite calmer tones in the market so far in European morning trade, the dollar is still keeping bid as there is still an air of uncertainty ahead of US trading later.

Comments by Japan prime minister, Yoshihide Suga
This confirms earlier reports and will apply to the prefectures of Osaka, Kyoto, Hyogo, Aichi, Gifu, and Fukuoka. Meanwhile, Suga says that they plan to end all state of emergency measures by 7 March – this will apply to Tokyo.

At what point does higher Treasury yields start to weigh on risk sentiment in a more profound manner?
We’re starting to border into risk aversion territory ahead of US trading today, with US futures slumping to fresh lows on the day as yields continue to ramp higher.

US 10-year yields up 9 bps to 1.465% currently
That is pushing Nasdaq futures to fresh lows on the day, down 1% as the rotation out of tech starts to border on the line of risk aversion flows in the market now. Dow futures have also turned flat with European indices falling into the red as

10-year bund yields rise to -0.255%, the highest since March last year
As earlier, if it didn’t work with Lagarde, it isn’t going to work with Lane.
mentioned

Kyodo News reports on the matter
This will apply to the prefectures of Osaka, Kyoto, Hyogo, Aichi, and Gifu – most of which were already anticipated since last week. Tokyo will likely have to wait until 7 March before its state of emergency is lifted but there’s still some debate on that before a formal decision