USD/JPY is coming back after it hit an air-pocked below 90.00 earlier in the session, tumbling to 88.95 in no time flat. Global markets have steadied a bit after plunging earlier in the US morning. The S&P fell over 3% and is now down 2.3%. European markets just closed down 2.3%.

EUR/JPY has recovered to 111.65 from 109.47 panic lows. EUR/USD is firmer in its range, now at 1.2380. 1.2445/55 remains hugely important resistance.