mr. dimaio, this is one half of the five star movement, saying italy wants cooperation and we're also hearingwants to summon the french interior minister to talk about italian tariffs in france. we have to talk about what this means for europe. let's change gear in talk about the yen. we were showing earlier that investors could still flock to negative yield japan bonds because of the return of dovish central banks around the world. still with us is daniel morris and elsa lignos. thank you both. this is look at japan, in the context of the end of monetary tightening, what happens to the yen? elsa: it is interesting, is if this is -- if this is the start of the fed easing cycle, the yen could strengthen. there are lower than they were a few years ago. if the fed were to start cutting rates aggressively, the yen could strengthen. that is not my base case. as long as you have a view that the fed is on hold, i think that is a constructive environment for dollar-yen. francine: this goes back to a chart, we pit dollar-yen against the 10 year treasury yield. that negative yielding government bonds c