The S&P 500 is at the high of the day, up 1.5 points to 1703 after falling as low as 1695. A close below the big figure would be mildly damaging but the mood has improved after Obama ended his UN speech without any overly hawkish comments.
S&P500 30 minute chart
In tandem with the rebound in stocks, USD/JPY has climbed back from the lows of the day after touching below strong bids at 98.50.
