USD/JPY back to post-FOMC levels
USD/JPY is now flat on the day in a rebound to 110.75 from a low of 110.30. The rally puts it back to where it was immediately after the FOMC decision.
The bounce coincides with a better tone in equity markets. The S&P 500 is up 9 points after a 6 point loss at the open was erased.
At the lows, USD/JPY was at the lowest since Feb 14 but the low hit some stops.
