US equity futures are firm with the S&P’s up 4.9 points. Traders will turn their fiocus to the opening of the cash markets to see if we get follow-through buying above the 1150 resistance level in the index.

EUR/JPY is consolidating gains just below the 125.23 resistance level. A break targets the 125.75/75 level followed by very heavy resistance toward 127.00/10.