50% retracement target
The S&P is down -23 points and down about -0.80%. The Nasdaq is down -119 points or -1.52%.
The USDJPY has moved to new session low on the moves.
The pair is down testing the 200 hour MA and the 50% of the move up from the September 27th low.
The dip buyers have a cause for pause against the level, with stops likely on a break.