USD/JPY is on the mend after attacking the 76.25 level very briefly after the much weaker-than-expected ISM data.
After a chaotic spike to 77.10 from 76.29 lows, we then slipped back to 76.42 from where we have been marching higher in methodical fashion over the last 90 minutes.
So far, we’ve retraced about 38.2% of the slide from overnight highs of 78.05.
