EUR/USD is at 1.4000, so how are the US authorities going to feel about the ECB buying EUR/JPY at 114.00 when the all time low is at 90.00! Buying USD/JPY is one thing, but EUR/JPY introduces a whole different dynamic.
Sure there might have been extensive discussions regarding the JPY at the conference call but to come out publicly and say that the ECB might buy EUR/JPY is quite unbelievable to me.
