$USDJPY downside wide open

USDJPY is heavily pressured by correlation with SPX and has slipped below an important resistances while it seems that the downside is wide open. We could see a bit of consolidation between 104.5 and 106 but a confirmed break below 104 would trigger a huge downside extension. A break above 106.300 is required for an upside reversal and a downside invalidation