The yen futures have elected the IMM stops over the March high. The cash spiked to 76.25 USD/JPY before the futures reopened, that’s app 131 ish. So yes, the futures can still rally another 140 points to match up with the cash. Today..

I am looking for possible extremes around 9 a.m. Central or London’s close going into the NYC Lunch time. Otherwise the panic could continue into the NYC close.

I am mentioning this now so you have time to peruse the options screen. I am contemplating putting on a put spread in the Yen going into next week. I am only looking at a bet where I know exactly how much I can lose for an end of day trade pending how far the rout in the Dollar goes.