I was looking for the key phrase – ‘open ended commitment to buy assets’ in support of the 2% inflation target and one of my favourite fx sites http://www.forexlive.com reports that the BoJ has made that commitment. So I am long as follows:
$110/pip EURJPY long at 119.67. SL at 118.90.
$110/pip USDJPY long at 89.83. SL at 89.30.