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Yen crosses take another hit-check out the EUR/JPY

Following on from earlier updates noting the gains in the Yen, the USD/JPY has just hit a fresh session low underneath 155.75. Right now it looks like the market wants to sell dollar rallies, given the price action over the pact couple of hours. The fall in the dollar has taken the major Yen crosses lower again and now the GBP/JPY is falling towards 199, after stalling above 200 yesterday and again earlier today. The same tenet applies to the EUR/JPY and the CAD/JPY too. The EUR/JPY has rejected an earlier move close  to 170.75. The Euro is under pressure, as it falls towards 169.50 right now. The impact of lower oil prices, stocks sliding in India and a lower European opening are also weighing on risk right now it seems and that is helping the Yen across the board right now 
 

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