USD/JPY holds US lows so far

Stocks are up two points. The news is generally quiet save for talk of a stop-gap funding bill that would prevent a government shutdown. That was widely expected after Boehner quit last week. Voting will take place later today.

I highlighted 119.61 in USD/JPY and that remains an important level. It moved away from there and up to 119.80 in the past hour but markets are tentative at the moment.

You get the sense some kind of flurry will hit in the past hour. It's rare to have a flat day after a 50 point move in the S&P 500. But if you look up and down markets, many assets are flat.