Yen weakness and Australian dollar weakness were the early story but it was followed up by a round of US dollar strength.

Mixed in was the euro crashing through stops at 1.2500 but EUR/JPY also added to the moves.

The pair ran stops up to 141.40 after breaking the September high of 141.23. The pair is deeply overbought (like all yen crosses) but there isn’t much resistance until 142.00 if there’s a sustained break of the September high.

EURJPY hourly chart

EURJPY hourly chart