Stocks are doing their late-day dive, probably as the market-on-close orders start to filter onto the floor. Lots of funds try and deal on the close, so this is one reason why we tend to accelerate in whichever direction we’re headed on any given day. 8460 is a level to eye on the downside, the low from Monday’s big up session. A break will prompt short-term bottom pickers to lose a good deal of confidence. We trade now at 8,775.
EUR/JPY is off its lows but trades heavy at 136.00. It probed through the 135.85 Fibo support earlier but quickly rebounded.
