Flash Crash to Setup Mega Rip in USDJPY?

Güncellendi
Massive surge in the Yen at resistance and then a follow through drop.

The likelihood of a strong reaction in the 160 was discussed in the post below:
Is the Yen Starting to Crash?


Question is, what happens now?

If that's a true reversal then we're going to see crush and re-crush action in this. Consistently lower lows. Sharp rallies. Crushing new lows.

However, if we make a low in this area - this might be the last big correction before the realisation of the generational USDJPY bullish breakout.

The Case for USDJPY Over Performance.
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Long 154.26
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Trend Analysis

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