1.   Bonds and stocks also rose today, improving the allure of the dollar.

2.   A rising yen is good for Japanese bonds, clearing away concern over imported inflation for domestic investors and improving the allure of Japanese bonds to foreign investors.

3.   A strong dollar improves the allure of Treasuries, giving non-U.S. investors better returns when they repatriate profits.

4.   A stronger yen improves the allure of yen-denominated instruments for foreign investors, who benefit from both the price appreciation of their investment and the currency appreciation.

5.   A stronger yen also improves the allure of Japanese bonds, reducing the threat of imported inflation.

6.   Japanese government bonds rose after the dollar ceded much of an overnight gain in afternoon trading, improving the allure of yen-denominated debt.

7.   Japanese bonds rose as Tokyo shares tumbled amid renewed concern about the health of the economic recovery, improving the allure of fixed-income securities.

8.   Lower returns on U.S. bonds improve the allure of the already-low yields on Japanese bonds.

9.   The rate cut drove the dollar to a five-week high, improving the allure of U.S. assets such as bonds.

10.   Treasuries also got a lift as the dollar continued to rise against the yen, improving the allure of Treasuries to yen-based investors.