Risk trades turn around
It's not exactly a U-turn but the S&P 500 is up 22 points from the lows of the day to 2655. It's still down 1.3%, or 35 points on the day.
The bounce was led by some dip buying, especially in tech shares.
In turn, USD/JPY has made a nice recovery and is now up 4 pips on the day to 122.59. The 10-minute chart shows the pop.
Reminder that it's a short week in the US. It's a normal day tomorrow but markets are closed Thursday for Thanksgiving. They will reopen Friday but it's also a de facto holiday.