USDJPY dives again as Nikkei futures head lower

No respite for yen pairs as the Nikkei futures markets posts further losses

I said in my last offering to keep an eye on Nikkei futures and we're now seeing losses of 5% which has driven USDJPY down to 111.96, dragging other yen pairs lower.

Caution advised getting too short down here but rallies still present a good opportunity.

Expect supply/res into 112.50 now then 122.80-113.00 still.