EUR/USD has rebounded a bit at mid-morning in New York, boosted by improved US equities. Stocks are way off their lows, now down about 0.2% after opening down about 3/4 of a percent.
Also helping are bounces in the crosses, particularly as the UK makes very clear to their EU counterparts that they intend do do nothing to support the pound. EUR/JPY is firmer as well with an underlying bid seen for the last two sessions from Japanese investors. Stops are seen above the market in USD/JPY around the 92.20 and again above 92.45/50. We trade now at 91.90.
