A powerful short squeeze has lifted the yen by the most in two months this week. The dollar's push today below JPY143 was encouraged by the stronger than expected wage growth. The US jobs report will test its strength. The PBOC fixed the yuan sharply higher today and it is the only emerging market currency that is higher on the day, ahead of the Latam open. The dollar has not drawn much support for the surge in US yields. The 10-year yield came within a whisker of the year's high set in March near 4.09% and the two-year yield set a new multiyear high near 5.12% yesterday, bolstered by a series of stronger than ... (full story)