Stocks erase losses

The S&P 500 is flat at 2732 after falling as low as 2718.

Friday's high of 2755 is still a good distance away.

USD/JPY is liking the latest shift in risk appetite and the pair is near its session high of 107.38. Watch for more stops on a break.

Separately, gold is getting hit hard, down $14 to $1332.