After rising by as much as 6 points, the S&P 500 has fallen into negative territory at 1789.

S&P 500

S&P 500

The softness in stocks is weighing on USD/JPY as it fades back to 102.48 from as high as 102.93. Small bids at 102.50 have broken but 102.00 and the early Asia low of 101.77 are key levels.