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USD/JPY lifts back above 154 as stocks steady
The European stock markets and US futures have steadied and recovered some of the earlier, Russian news based losses. That has helped the Yen to weaken and rise back above the 154 handle. This comes as US yields also steady and gold slips a little. At the same time, this recovery in the moves we saw unfold earlier this morning is by no means conclusive to suggest that it might completely reverse all that took place. We shall just have to see on that. Meantime, the USD/JPY is up from an earlier low at 153.29 and it is currently trading at 154.12
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