I noted the turnaround in an earlier post

Now we have as further move lower with the Nikkei lower to 18,418 but even as I type is paring some of those -0.93% losses

USDJPY has found a little support at 119,50 but this is all delicately poised still

Update: 05.01 GMT Nikkei now 18518.62 , -0.12% USDJPY 119.60