EURUSD has broken to new highs and has taken EURJPY higher with it; however USDJPY is not moving at all. I expect this spike up in EU will exhaust soon, but just in case it goes far I have hedged my short EJ with a long EJ.
Long $480/pip EURJPY @ 109.67. This is a hedge and will be removed when EU turns down.
Update 16.52 hrs.
Closed this hedge at 109.69, BE+2.