Safe-haven assets are heating up, with US bonds and the Japanese yen rising, as the market awaits the non-farm payroll data
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Against the backdrop of rising risk aversion, US Treasury yields and the USD/JPY exchange rate fluctuated. The latest data shows that both the 10-year and 2-year US Treasury yields fell by 1 basis point, while the Japanese yen rose to 143.52 against the US dollar. Investors are focusing on the upcoming release of non-farm payroll data and the possibility of a rate cut by the Federal Reserve to address the challenges of a slowing labor market. The performance in the Asia-Pacific markets varied, with the Nikkei 225 index opening 1.4% lower
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