USD/JPY has moved sharply lower with the psychological 105.00 giving out and stop loss sell orders just south of said level no doubt triggered. We’ve moved swiftly lower to 104.60 at writing, the JPY seeing further across the board gains with EUR/JPY down to 151.30. The move comes as U.S. stocks come under increasing pressure. Gold benefitting nicely from its’ safe haven status, while oil struggles on lowering economic growth prospects.