12:30 pm EDT:  JPY weakness is USD strength, which is weighing on equities.  USD began the morning at fairly strong support, which is why we called for a range day despite the possibility of new contract highs in the ES.  So far, that is what has panned out, except the high was a few ticks shy of the potential reversal area of 1116.00 to 1117.00.  No Fed news regarding interest rates, but Bernanke speaks sometime tomorrow and could give the markets a surprise.  The ES has now reversed down to the lower end of the expected range (1102.25 to 1104.25).  If it holds, there could be an afternoon rally back to ~1112-13.