That has helped USD/JPY move off the lows from near the 110.00 handle to 110.28 currently. Meanwhile, European equities are also trading more positively now posting gains between 0.2% to 0.4% across major indices.

I reckon it’s still too early to call for a turnaround in sentiment just yet but for now this is helping to provide some relief to risk at the very least. US equity futures have also pared losses to be flat on the day currently so we may just get a more neutral tone heading into North American trading later today.