The previous spike lows at 93.50 have been breached and the next technical resistance is at a prior hourly pivot near 93.90. Bulls will be hoping that yesterday’s 92.60 lows mark the end of the pre-BOJ dip whilst bears will be hoping that the short-term bear trend is merely encountering another retracement rally.
Personally I think we may see deeper dips towards 90.00 before the up-trend re-asserts itself.
EUR/JPY is back near 120.00 and I have my trailing stop now above 120.40, which I feel is the correct level.