Stock markets steadying- Yen slips as GBP/JPY and EUR/JPY rebound

Just at this moment in time, the opening outlook for the US markets has improved somewhat and the major European indexes are all in positive territory. The FTSE 100 is best of the bunch here in Europe, in terms of percentage gains, but we are not talking about anything significant in that regard. Nevertheless, this has helped to weaken the Yen across the board and the lack of immediate risk aversion now has helped the major Yen crosses to rebound. The EUR/USD and GBP/USD are back at session highs and the USD/JPY is back above 149.80. That means both GBP/JPY and EUR/JPY have rebounded. The EUR/JPY fell to 156.08 earlier this morning, but it has now risen steeply in the past few minutes, building on a rebound that was already underway. The EUR/JPY has just now traded back to 157.20. The high seen much earlier today during the Asian session was set at 157.24. It might extend a bit more, if it does surpass that. The EUR/JPY is right now at 157.14