EUR/CHF just did a 300 pip roundtrip in a few minutes as the madness continues in thin liquidity as Asia-Pacific traders ramp up. But the brewing story is USD/JPY as it slides down to 115.91. The December low was 115.57 and that will be critical in the day ahead.

USDJPY daily chart

USDJPY daily chart

S&P 500 futures also reopened down 0.5%