• USD/JPY briefly spike to 124.46 before plunge into 123.00s on weaker Fed SEPs
  
  
• Market still heavy with recent surge in short yen specs at IMM; downside risk
  
  
• Fed's '15 GDP forecast 1.8%-2.0% v 2.3-2.7 last; Jobless rate 5.2-5.3 v 5.0-5.2 last 
  
  
• Sell stops below 123.30