EUR/JPY is a moonshot this afternoon as all the crosses are dragged higher by the explosion in EUR/USD. Prices have reached 129.59 thus far, just below the 129.70 top put in place in late December. If 129.70 is taken out, keep an eye out for barrier options which are rumored at the 130.00 strike. 131.05 is colossal resistance the bulls will target if 129.70/130.00 is overcome.