USD/JPY up a quarter cent
USD/JPY climbed above 110.30 to the best levels of the day as risk appetite improves. The S&P 500 is up 11 points to 2774 from a low of 2763.
All of the gains in USD/JPY have come during New York trade after the pair briefly fell below 110.00.
It's been impressive how markets have rebounded from trade concerns this week. Maybe it's a sign that markets are preoccupied with the World Cup or not in tune to the risks but, ultimately, price action is the answer to every question and the bulls must be happy so far.
