FX Trading:Rumors

As USD conitnues its beating, (USDJPY touches below 102.00 and EURUSD approaches 1.54 )there is widespead talk and rumors of an emergency FED meeting later on today.  While usuaully such talk is just that..talk, there is the January intermeeting cut in the back of trader's mind.  European stoack markets are headed in the same direction as yesterday's US and Far east markets, DOWN