GBP/JPY, AUD/JPY and EUR/JPY are all trading close to their session highs as the Nikkei opens 1% higher and FX traders look for trades which reflect an increasing appetite for risk. AUD/JPY is the obvious target but remember we are fast approaching the major 61.8% retracement of the big 104.40-55.10 collapse which is at 85.55 (it currently trades around 84.15).