The S&P 500 is up 9 points at 1690 after hitting 1696 earlier in the day.

It’s usually around this time of day that you start to see some negotiation on Capitol Hill but so far nothing productive is happening.

USD/JPY hit some light stops below 98.00 down at 97.89. There are bids at the US low of 97.73 followed by the European low of 97.66. Big bids were in place yesterday at 97.50 and they’re likely still there.