I’ve taken a small short near 142.40.
The GBP looks to be under pressure across the board and whilst the Yen has also lost ground. I still think the market is short Yen and we are more likely to see extended consolidation.
If I’m right, EUR/GBP could see .8600 quite soon and EUR/JPY could retrace back towards 117.00 during this phase. That would have GBP/JPY at 136.00 or thereabouts. Let’s see how this develops. I’m starting small and will look to build if it looks promising.