Japanese stocks turned negative (NKY -600pts from highs, -0.4% on day; and TOPIX down over4% from highs); S&P futures down 8 points from after-hours highs... For the second day in a row, and in spite of comments from Abe and Kuroda on communicating with the market (as Kuroda says BoJ Monetary easing sufficient), Japanese capital markets are out of control. JPY, after weakening 150 pips from early this morning and breaking back over 102.50 has just given 100 pips back in matter of minutes and is now trading stronger vs the USD on the Japanese session. Japanese stocks have cliff-dived with the NKY dropping 400 ... (full story)