The S&P 500 is up 2% at 1048, it’s highest level since the 29th of June when share prices plunged 3%. EUR/USD is edging up in its range as stocks rally and even USD/JPY has shaken itself awake and is challenging the top of its range for the last twelve hours at 87.35.
Yesterday’s 110.42 high is next resistance for EUR/JPY, which trades now at 110.25.
More resistance lies up at 110.85; stops are just above 111.00.
