USD/JPY rebounds to 113.80
The US equity market is bouncing and that's helped to lift USD/JPY. The S&P 500 was down by as much as 32 points but it's nearly halved that with the index currently down 18 points.
USD/JPY was able to hold the line ahead of Tuesday's low of 113.50 even as sentiment hit its worst levels. Now it has rebounded to 113.80.