S&P down -13. Nasdaq down -50 points

The US stocks have turned to the downside and trade at session lows. The USDJPY also followed their move and is giving up some of the trend gains too.

The S&P is down -13 points. The Nasdaq is down -50 points, and the down is down -120 points.

Looking at USDJPY the pair moved above an old swing area at the 108.40-50 area but stalled ahead of the key 100 day MA at 109.00. What now? Watch the 108.40--50 for support. If it gives way, we could head back toward the 108.19 area (50% of the day's range).