Turnaround Tuesday is supposed to from down to up

Greg's just noted the move in stocks turning mouldy and yen pairs are heading back to the days lows

EURJPY is hovering just above the 127.52 low at 127.60 while GBPJPY has just hit a new low at 174.09

Adam's darling of the day, AUDJPY is now below 85.00 at 84.93 while USDJPY is feeling out 118.80 for the third time today

Despite the drop in US stocks it definitely doesn't have the same feel as yesterday so perhaps things will be a lot calmer today

For the S&P, the 2005 level is the one that has had a big say in dips down here recently

S&P H1 chart