The Yen is reigning so far this Monday, benefited by the ballooning Spanish 10-yr bond yields, which recently hit the 6%, coupled with short-term negative effects on the Chinese band widening, seen as factor that will increase market volatility. USD/JPY has fallen sharply ahead of the London session, printing day lows at 80.52 following a violent downward acceleration once support at 80.80, Friday's low, was finally pierced. The price is currently at 80.55. Yen crosses are also under attack, all printing fresh session lows. EUR/JPY stops sub-105.00 have been blown up, opening hte doors to target the February 20 low ... (full story)