Mario Draghi's "whatever it takes" has failed... and USDJPY breaking its most significant trendline suggests Kuroda is about to fail too... *USD/JPY TRADES UNDER 122.00 FOR FIRST TIME SINCE JULY 13 It appears the massive Long Nikkei/Short Gold trade is unwinding in a hurry... Remember, this trade - as we detailed here - which draws together a complex web of interactions between Japanese equities, the gold market, repo financing, BoJ monetary policy meetings and anomalies in the silver market. Charts: Bloomberg