The relentless rally in EUR/USD continued to drag EUR/JPY up along with it. We have been close to trendline resistance in place since early this year, today at 115.25. We stalled at that level earlier in the session.
Looks as though EUR/USD will continue to be the dominate determinant as to which direction this baby goes barring an intervention from the BOJ. Might be worth a topside punt if we can sustain a break above 115.25 and EUR/USD a break of 1.3894.
