USDJPY has been hit down thru 98.00 to 97.80. Finding some support for now but feel we test the 97.60 area and take out the talked about stops under there. This is the first dip under 98.20 for the last 7 hours since USDJPY put in a high of 98.65, close to its 50% retracement level of 98.85.
EURJPY has come off 100 points over the last hour or so. A good retracement from the high seen last night. Under 124.00 could see it back to 123.00 quite quickly, especially if the stops under 97.60 in USDJPY are large!