EUR/JPY has gathered itself after a quick profit-taking pullback following a very morose Philly Fed survey. Prices hace recovered to the 119.80 level after bids emerged at 119.20. USD/JPY is back above 94.00 and EUR/USD above 1.2700, so the P{hilly Fed setback looks to be just a temporary impediment.
US equities are back on the plus-side with the S&P up 0.6% commodities rising as well. The CRB closed just above 200 yesterday and has blipped up to 203.50 thus far as the market tries to breath life back into the reflation trade.
