After touching a new record low this morning, the dollar has bounced back a bit. The greenback broke below the 102-yen level for the first time since January 2005, but has since rebounded a bit to 103.10 yen. The intraday low for the dollar stands at 101.84 yen. In London, the euro was grabbing $1.5342, down from $1.5416. Both of these totals were down from the new record high of $1.5459, which was set after this morning's nonfarm payrolls report.

Taking a quick look around the Street, at 11:33 AM EST, the Dow Jones Industrial Average (DJIA- 11,985.0) is 55 points lower and is trading below the 12,000 level for the first time since the end of January. The S&P 500 Index (SPX 1,301.6) is nearly 3 points lower, but appears to be desperately clinging to potential support at the 1,300 level. Finally, the tech-laden Nasdaq Composite (COMP 2,224.2) is bucking the trend, as it has advanced nearly 4 points.