If the BoJ really do want to set their line at 85.50 in USD/JPY, then one would have to think that the path of least resistance for EUR/JPY would be higher, in the short term at least. We have however seen lots of instances in recent times, with the CHF in particular, where the intervention level has merely held the market in check for a considerable period of time before a move lower onto the next level once the intervention was lifted. I guess we shall have to wait and see what happens with the JPY. Playing an 85.50/86.50 range in USD/JPY would seem to make a lot of sense and EUR/JPY will probably take its main leads from EUR/USD.