EUR/JPY closed in NY at 124.50 and has been as high as 125.31 in ealy interbank trade. Stop loss hunting again in very thin Monday markets. EUR/USD is at 1.3780 and USD/JPY at 90.80. As the speculative positioning data last week showed us, many EUR/USD shorts had switched over to EUR/JPY and they are now getting chopped.
Good luck today.