Dealers report a steady presence on the bid in EUR/USD each time we dip below the 1.2920 level in the late-going of the US session. US equities are off nearly 250 points with a bit more than 15 minutes to the bell. Both legs of the EUR/JPY cross are well above earlier lows despite the profit-taking in equities. Dealers remain reluctant to be heavily short USD/JPY for fear that Japanese authorities will try to keep the JPY from strengthening too dramatically.