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DAX turns red now as Dollar presses higher

The dollar is still making headway just now this morning. The gains are being led by the USD/JPY, as was the case earlier and now the USD/JPY has lifted further, above 142.65 a moment ago. This has added some pressure across the equity space and the US equity futures are lower. Once again this is due to a further rise in US treasury yields. The 10 year note is nudging 4% now and the 2 year note is above 4.35%. The fall in the US equity futures has also dented the DAX. Earlier this morning the DAX did open slightly higher, but it only made it to a high at 16,784 and it has now fallen back and it is currently testing the 16,700 mark as those US futures fall 

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