An impressive selloff in the yen suggests that the recent uptrend has reversed. The futures have come within one pip of a midpoint pivot at 1.1187 and are trading nearby as we write. If that level does not hold, the sibling D target at 1.1128 will be the next objective. You could bottom-fish that number with a stop-loss as tight as 4-5 ticks. ______ UPDATE: The futures crashed both supports, making the suggested five-tick stop-loss unmanageable unless you were either very nimble or lucky. Now, the futures appear bound for a test of structural support near 1.0860.