As the most important hour of the trading day gets going, US equities are poised for a rebound. We trade close to at new session highs with about 50 minutes left in the day and bonds have drifted a bit higher in yield.
USD/JPY is edging higher in its range on the back of the improved risk appetite and (moderately) firmer yields.
EUR/USD is sharply unchanged, over the last hour, now at 1.2958.
