Stocks are selling off (S&P down 3%), oil is down $5 bucks and the greenback continues to claw back some lost ground. Risk aversion has replaced the reflation bravado seen the first two full trading days of the year. Make sense given the prospects of a horrid employment report on Friday.
A break of the 1.3600/05 area will run into further support at 1.3580 and 1.3550.