Looks like that may have been it. A knee-jerk bout of risk assumption followed by a yawn. Hopes for explosive gains in asset markets look to be fading. Watch for weekend book-squaring to temper the reflation trade over the next few hours.
EUR/JPY is seeing major profit-taking after a brush with 135.00, and now trades at 134.00. US equities are near-break even after about a 0.75% raly right after the data.