Stops triggered

BREAK.

The USDJPY broke below the 100 day MA at the 103.478 level and traders threw in the towel. Triggered stops.

At the same time, the GBPJPY broke lower and that even dragged the GBPUSD below it's lower channel trend line.

Stocks are trading near lows with the S&P down -1.10% and the Nasdaq down -1.25%.