5-year TIPS auction on deck next
Usually you see a stock market rout tail off during lunch hour in the US but the selling hasn't stopped and now the S&P 500 is down 30 points to 2049.
The August 12 low has now given way. The next support level is the July low of 2044.
The selling in stocks is slowly eating away at USD/JPY as it slips to 123.45. But all things considered, the 34 pip fall today is very modest.
