US stock futures turn positive, boost USD/JPY
S&P 500 futures are into positive territory after bouncing from support in the 1600 region. USD/JPY has rebounded to 94.65 in sympathy as the US economy shows some modest strength.
The market is so whippy at the moment that it’s difficult to do anything other than chase momentum. The improvement in futures is good news but sentiment is extremely fragile in this market.