USD/JPY has rebounded nicely after picking the low-hanging fruit in the form of stop-loss orders just below 81.97 support. We dipped to 81.90 briefly but we’ve since forged higher on jawboning from the Japanese ministry of finance. Hats off to Dow Jones for waking someone up over there and getting a comment.
USD/JPY is up to 82.32, helping lift EUR/USD and AUD/USD off their lows as well. AUD also survived a test of the 1.0300 barrier. It trades now at 1.0330 as AUD/JPY sees some short-covering.