The S&P 500 is trading at 1454 after holding above Thursday’s low of 1449. The market has been settled but that low is the level to watch.

Foreign exchange moves are consolidating after the earlier push to session extremes.
The option cut at the top of the hour could loosen things up. A 78.00 USD/JPY expiry seems to be in place along with AUD/USD at 1.04.