The S&P 500 has been down all day long but is showing a bit of life late in the US trading day. The index is down 0.1% at the moment after trading 0.7% lower early on.

EUR/JPY is staging a mild recovery as risk aversion eases a touch. Traders are taking heart in the fact that the White House attempted to sooth raw feelings by China rather than fight fire with fire.

EUR/JPY trades at 123.73, EUR/JPY at 1.3674 and USD/JPY at 0.9049.