This pair looks like it might become a directional leader in coming weeks and it’s certainly looking a bit soft post-ECB. That said, the BOJ don’t look to be finished with their easing bias, so it could be a case of who prints fastest!

The short-term bias is bearish but there is solid technical support just below 141.00 with an intermediate bullish trendline, and both the 55 and 100-dmas.