It took a while, and the results ain’t exactly breath-taking, but USD/JPY has climbed off the mat, rebounding to the 76.26 level from 76.03 in early New York.
The risk-on scenario is helping underpin the JPY pairs marginally as US bond yields recover from another probe below 1.80% in 10s and the S&P rallies to its highest since before the US debt ceiling debacle last summer. Shares are up 1.4% today, to 1330.
Heavy sellers are seen on rallies to the 76.40 area near-term, traders say.
