Here we are with 35 minutes left to trade and US equity averages are on the slide once again. We’re down 0.8% in the S&P, following on the heels of last week’s multiple drubbings.

EUR/USD is easier, down to 1.1933 while EUR/JPY is down to 109.40 after several fizzles above 110.00 today. Selling JPY crosses on rallies remains a steady path to profits…