On Wednesday, U.S. tech stocks sold off as a surge in bond yields weighed on sentiment. Investors dumped stocks with stretched valuations. The weakness has continued into Europe today and, judging by the price action on the major indices, we could be heading towards some volatile times. 
The dollar, U.S. bond prices and stock index futures all tumbled as safe-haven gold and yen jumped on the back of a report that China is considering reducing or halting its purchase of U.S. government debt.

If a risk-off trade will be the case then New Zealand dollar/Japanese yen (NZD/JPY) currency pair may stay under pressure as well.

A daily summary of exchange related news.

The USD is going higher, but not against all the currencies; we see it in a strong bullish mode only against the EUR and CHF at the moment.

Sterling skidded to its lowest levels—bar a "flash crash" in October—in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a "hard" Brexit out of the EU and its single market.
Market events to watch this week
The dollar rose to a one-month high against the yen today on speculation the U.S. Federal Reserve would raise interest rates in the coming months.
On the daily chart of U.S dollar/Japanese yen (USD/JPY) currency pair we are observing a nice decline of a higher degree taking place, with price now trading in final wave 5.

Wext Texas Intermediate (WTI) crude was vulnerable to losses today with prices challenging $47 a barrel as Iraq’s ongoing quest to reclaiming market share dampened expectations over the possib