EUR/JPY Pullback into ECB/BOJ Minutes

5 Kas 2014

Looking for a short term top in EUR/JPY and sharp pullback to 141.20 still above the close of last week 140.70. Main reasons are the overbought short term technicals and the catalysts to take profit from the BOJ minutes where 5-4 vote may have some serious dissent and then the ECB later today where Corporate bond buying discussions can lead to further sharp EURO selling and overflow onto the EUR/JPY.