Stocks and yen crosses climb
The S&P 500 has turned a 42 point decline into a 18 point gain. The 2.2% reversal puts an outside bullish day on the chart in a positive finish to a bumpy week.
It’s a similar, albeit smaller-scale, version of the same thing in USD/JPY as it tracks to the highs of the day at 110.00. If it can finish above that level on the weekly close it will help to undo some of this week’s technical damage.