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USD/JPY rebounds japan nikkei rises

The dollar-yen pair is back on the recovery mode after a brief stint to the downside, and seems to have reversed almost half the ECB-led slide thus far. The bulls regained poise and broke above the mid-point of 113 handle as risk-on trades returned to markets along with a strong pullback seen in the Japanese stocks. At the time of writing, USD/JPY jumps 0.31% and trades near session highs reached at 113.59 last hour, while Japan’s Nikkei rises 0.85% higher versus -0.90% seen previously.

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