I have a very extensive collection of chart on all time frames, from 1M to Monthly. Often I peruse them to see to look for some historical precedences in price behaviour. What we witnessed over previous few days, was an extreme sell off in Yen crosses. It is difficult to to say if this completed a longer term move, or whether there is more to go. Year ago, in late August there was a sell off similar in magnitude. I found hourly charts of what happened the week after the bottom was reached. Here is a look at hourly chart of EUR-JPY

http://img171.imageshack.us/img171/8738/aug4zm3.jpg

and GBP-JPY

http://img518.imageshack.us/img518/3733/aug4su5.jpg

Follow the links. These are large charts, so in order to see them in full detail I had to post elsewhere. Take a look and see what happened then.

Mike K.