Japanese Markets, Look Out Below: "Kuroda Says BOJ Has Made All Possible Monetary Moves For Now"

The Nikkei closed up 0.73% overnight but I think we've seen the near term highs.
From Bloomberg:

Bank of Japan (8301) Governor Haruhiko Kuroda said that while policy makers will continually monitor whether additional stimulus is needed, steps taken last week are sufficient to achieve the bank’s 2 percent inflation goal.

The central bank has taken all “necessary” and “possible” steps, Kuroda told reporters in Tokyo today. While officials will change policy as needed, he doesn’t expect adjustments each month, he said. The BOJ chief reiterated his pledge to take all necessary steps to meet the target for consumer price gains in two year....MORE 

After hitting a four-year low of 99.66 to the dollar the Yen strengthened quite quickly:

...Algos appear confused: will the BOJ do more to hit the 2% inflation target, or, as the first bullet suggests, is it tapped out? For now, they shoot first and ask questions later, sending the S&P500 carrying USDJPY lower by 60 pips in a matter of milliseconds.

ZeroHedge
99.36 last