USD/JPY has collapsed sharply through 110 on the Reuters report that Nikkei says that Japan will cease large scale intervention after the end of March. The article is currently not on the English version of the Nikkei. Large stops from exporters were triggered on the break under 110.00 with prices falling to 109.26 before bouncing to current levels of 109.74. There has been speculation for some time that Japan may ease its USD/JPY support once the fiscal year end has passed. The news has also pressured the bond market on fears that the buying demand from Japan will ease.