USDJPY testing the days lows as stocks start turning soggy.

Three hours into the US day and under two in stocks and we're seeing some softness creep in

USDJPY has just made a brief new low at 113.60. Looking at the time that might be fix related though. Intraday the battle lines have been drawn at 114.15 and 113.60

USDJPY 15m chart

The S&P is creeping lower and handing back the days gains tick by tick. It's now trading at 1875 from an 1871 low

Oil continues to show its reluctance to draw anything positive from the production freeze news with Brent testing the 32 buck mark after lofty heights of 35.50