EUR/USD and EUR/JPY have come under renewed pressure with no discernible fundamental impetus. The erosion of early US equities gains can be blamed to some extent, but given the three hundred points swings of recent sessions, today’s price action is not particularly notable. The surprise would be that 1.4050 support gives way and EUR/JPY breaks through 150.00. A 1.4000 break targets a slide to 1.3665, the old “all-time” highs. A 150 break opens the way to 143/145.