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There isn’t much on the data docket to kick things off in the new week in European trading later. The dollar is trading more mixed on the day, with USD/JPY having earlier touched a low of 148.90 before holding around 149.15 currently – still down 0.2%. But commodity currencies are marginally lower against the greenback,

The dollar continues to run riot in the major currencies space, helped out by higher Treasury yields. It’s been quite the straightforward message since the breakout in the bond market but it does offer quite a bit of food for thought: The US may be entering an era of higher yields but the rest of