Some wild prices down there at the lows in the early morning, I saw it just below 102.00 momentarily. But it came back around 102.25 very quickly and has since recovered to 102.70/80 now.

If you are just tuning in, the news is Japan’s economy minister Amari said on the weekend that

“it’s being said that the correction of the strong yen is largely completed. If the yen keeps on weakening a lot more, it will have a negative impact on peoples’ lives.”

USD/JPY saw highs around 103.05/10 before falling away and then plunging.

More here and here and here