We're approaching real ugly mode
US stocks are showing sizeable losses with the S&P down 19 to 1982 having been as low as 1979.
USDJPY is now off over 100 pips since Asia and we're looking a bit precarious.
USDJPY H4 chart
112.15/25 is the next support to watch ahead of the big figure. 112.00 marks an important point as there's not too much technically under there to halt a bigger drop to 111.00 111.80 and 111.60 are possible points but they don't look strong.
112.60 was support that's now trying to be resistance with 112.80 the next above that.
