S&P 500 at the highs of the day
US stocks have recouped more than half of yesterday’s losses. The S&P 500 is up 38 points to 2850 after falling 69 points yesterday.
The volatility in the FX market remains much lower than in stocks. USD/JPY is up 37 pips to 109.67 but has hardly budged all day and remains below the Asian highs. The rebounds in yen crosses are similarly uninspired.