S&P 500 futures have rebounded off the lows for the day to post session highs
But USD/JPY is still hovering just above 106.00 near the lows still. The Nikkei is off for lunch break currently, and is down 0.47%.
However, if equity traders in Japan start to take the hint from US equity futures, then USD/JPY could be poised to rebound a bit more from current levels.
It may not mean much, but look out for that in the coming 20-30 minutes. The jump in the last hour in S&P 500 futures has also helped the Hang Seng recover to turn positive on the day.
