The trading session should be somewhat truncated today with the equity markets shutting shop in just over an hour. EUR/USD reached the 1.4990 level as risk aversion abated as the trading day unfolded.

Perhaps we get a final hour move on Wall Street, but I’m guessing we’ll range trade between 1.4950 and 1.4990 and 86.65 and 87.00 in USD/JPY.