Stocks higher
USD/JPY is above 113.00 to the highs of the day as risk sentiment reverses. The S&P 500 is down 11 points to 2622 after flushing down to a seven-month low of 2583 earlier.
What's impressive is that USD/JPY climbed when sentiment was poor and it's rising even more now. The bond market has been relatively quiet today.
Wednesday's high of 113.24 is a level to watch in the hours ahead.