EUR/JPY is rampaging from earlier lows below the 109.00 level, rising as far as 111.22 as USD/JPY joins into the short-covering party. The greenback rose as high as 90.17 as stops above 90.00 were tripped.

Equities are helping spur the rebound as the S&P further trims losses. From down near 3%, it closed to just 0.8% down on the day.

EUR/USD tested trendline resistance in the high 1.2330s before stalling.