Stocks also gaped lower, but what is interesting is that despite higher stocks USDJPY is weakening at the moment, which tells us how weak USD really is today. Technically speaking, we see USDJPY breaking out of minor corrective upward channel which suggests a continuation towards 113.00.
USDJPY, 30Min
JPY can also move much higher if we consider that stocks can turn south to fill a gap. E-mini S&P500 has it around 2765.
S&P500, 1h
