If yen break 118 all hell is going to break lose

as if it isn't already

 

long USD/Yen, get out if 118 is breached.

 

117.70 target for today.

eventually 115.00 ...political turmoil in Japan.

 

almost there.. 117.8

 

Have you missed out the rate hike by Korean?

Korean central bank has pointed its finger on low yen for current globe imbalance.

 

What does all hell breaking loose mean to you?

 

The hell wouldn't be loose until we are hearing hedge funds blow up in Japan with US sub-prim mess.