The positive US numbers are starting to turn risk around with USD/JPY jumping off the lows at 97.41 to 97.76. I would expect some offers to be seen around the 98 level like we did yesterday in the early part of the US session.
GBP and EUR vs JPY is following suit with GBP/JPY up around 60 pips on the moves and the euro up 35 odd.
GBP/USD is stalling ahead of 1.5500 after bouncing from bids at 1.5470.
EUR/USD is finding it hard work to crack through offers at 1.3080
