4/20/2021 10:56:52 AM GMT Overview: Even as US yields edge higher, the dollar struggles. With the 10-year Treasury yields now at 1.62%, nine basis points above last week's lows, the greenback has turned mixed against the major currencies. After briefly slipping below JPY108, the dollar has recovered to around JPY108.55. The euro firmed to $1.2080, and sterling pushed through $1.40 before seeing the gains pared. Sterling is now lower on the day as are the Scandis. Emerging market currencies are more mixed, and the JP Morgan Emerging Market Currency Index is snapping a five-day advance. The dollar's weakness, where the Dollar Index is falling for the seventh consecutive session, maybe helping to unpin commodity prices. Although gold is extended yesterday's reversals, base metals and oil are higher, and the CRB Index is at its highest level in over a month. US equity futures have stabilized after yesterday's fall. In the Asia Pacific region, equities were mixed, with Japan, China, and Australia moving lower. Europe's Dow Jones Stoxx 600 is lower for a second session, as utilities, financials, and consumer staples act as the biggest drags. Only energy and materials are higher.