Anyone else watching the DXY breakdown after that BOJ bond auction?

[Derek Hayes]

Ngl, waking up to the dollar getting absolutely hammered this morning was quite the sight. That record Japanese bond auction clearly lit a fire under the yen, and now cable is just ripping higher on the back of those hot jobs numbers too. I was trying to scalp some greenback weakness earlier, but the momentum on USDJPY to the downside is looking pretty heavy right now. I am wondering how this is going to affect major support levels on the index, especially with order flow looking completely one-sided on the major pairs. Are we just sweeping stops before a bounce, or is this a genuine trend shift on the shorter timeframes? What is everyone else trading off this move?