Is The Yen Broken?

A market-forensic follow up on JPY's insanity over the past 24 hours, what it means (and what it doesn't), and what's ahead.

Yesterday, I posted the article below:

Here is what had transpired thereafter:

That’s USDJPY with a single day trading range from 147 down into the 141 handle, and at one point seeing JPY surging over +2% on $1.4bn notional volume traded within a span of 90 seconds - then whipsawing back down again in a spectacular blow off top.