Last in the door are usually the first out the door

USDJPY drops a quick 50 pips from 124.20

The problem with big rallies is that there are always latecomers. They're the ones that join the party late and jump on close to the top for fear of missing out.

What usually happens is that they invariably are the first ones to bolt when the rally fuel dries up

It looks like we could be seeing some of that now as USDJPY falls to 123.73 pretty sharpish

It looks like some stops have been flushed and 123.60 is the first proper level of support so watch that level for dip buyers to pop up