Asia shares skid, dollar gains as yields spike

added 1.1%, encouraged by hopes the BOJ would keep policy easy. EUROSTOXX 50 futures fell 0.5% and FTSE futures 0.2%.

"The employment report changed the landscape of labor markets, increasing the possibility of a soft-landing scenario where the economy avoids a severe contraction while inflation/wage growth continues to moderate," said analysts at Nomura.BOND REVERSAL Likewise, yields on two-year Treasuries were now up at 4.35%, compared to 4.09% before the data, while 10-year yields climbed to 3.56%.

Bruce Kasman, head of economic research at JPMorgan, noted recent surveys on manufacturing globally had also shown a bounce in January.

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