Now, it's serious
110.00 has been an important line in the sand for USD/JPY in the last month. It's held several tests and rebounded but with Trump talking about dealing with North Korea, the pain in markets is ramping up.
It's the lowest since November 18.
The drop has run stops below 110.00 in a quick move to 109.83. That low also takes out the 50% retracement of the post-election gain.
Hold onto your hats as US 10-year yields also threaten the low end of the 2017 range.