Dollar Staging a Fierce Comeback Versus Yen

After hours currency action has been pure wild west or middle east, whichever you deem wilder. By 5:30 est., the USD/JPY cross was trading as low as 76. Since then it has rallied up to 78.7, still down 2.3% on the session. The yen is also weakening versus the pound and the euro, but still up 4.2% and 3.8% respectively.

NIKKEI futures, 30 minutes ahead of trade, are indicating a loss 1.9%, up from earlier indications of -4.5%.