USD/JPY fades away from 102.80
USD/JPY failed to break above yesterday’s high and has slid 30 pips lower in the past hour to 102.50.
The S&P 500, meanwhile, is continuing to hold near the highs of the day. The index is up 31 points to 2067 and, crucially, above the 61.8% retracement of the Brexit drop, which sits at 2065.