EUR/USD now well off the 1.2951 high, trading at 1.2925. Lots of room to consolidate after the run-up from 1.2843 overnight.
USD/JPY is slowly coming off even with the M&A and threat of Japanese intervention talk at the G7.
The S&P 500 is at 1437 after touching as high as 1444.
Overall, it looks like typical consolidation.
