Oil has turned negative, gold is up only a buck and the South African rand is being heavily sold. Dealers expect this to translate into a lower EUR/JPY (already happening) and lower stocks (check!) US equities are up less than 2%, underperforming foreign markets overnight.

EUR/USD trades at 1.2950, USD/JPY at 98.50 and EUR/JPY at 127.60. Leep in mind heavy USD/JPY offers at 98.80/00.