S&P 500 futures are up by more than 1% still on the day
Steady as she goes for US equity futures (and European equities for that matter), following the relative calm demeanour that was exuded by China president Xi Jinping in his speech earlier in the day.
S&P 500 futures have sustained gains for the most part, but USD/JPY has slipped a little lower trading between 106.90 - 107.00 following the news that there is a stall in US-China talks from last week. All behind the scenes stuff mostly, not a positive development in any case.
But for USD/JPY as a pair, as mentioned here, there is a large option expiry sitting at 107.00 for tomorrow's New York cut so that will also play a role in keeping the pair close to the figure level until we have a clear catalyst for the next move.
