A.M. Update

S&P futures are down -0.10%, giving up some overnight gains as yields have risen heading into a near-record ~$7 trillion quad-witching plus index rebalances. the BoJ hiked 25 bp to 1.25% as expected, but the 7-2 vote looked dovish. The Yen dumped (USD/JPY through 158). Japanese stocks rallied. That is why the dollar is firmer…