USD/JPY nears 112.50
The irrepressible bid in stock markets has again breathed life into USD/JPY. The pair fell as low as 112.18 shortly after New York arrived but it's slowly crawled back to 112.45.
The S&P 500 just hit a record high of 2600 and is up 18 points on the day.
As for USD/JPY, it's back into the middle of the range on the day as the battle for firm direction continues in a lackluster week.
