Markets are coming back into sync this afternoon with US equities rebounding back into positive territory, US bond yields rising, and oil bouncing back close to unchanged after slipping this morning.
EUR/JPY trades now at 134.40, up from 133.50 where it bottomed earlier in the day. 135.00/05 remains a significant hurdle above the market. That level was sharply rejected just after the US employment data this morning.
USD/JPY hugs the 100.00 level in early afternoon, a sign that while the reflation trade took a knock earlier today it looks like it will live to fight on next week. Same can be said for Cable above 1.48.