Nerves are stretched with a stops taken out earlier through 77.25 and then another ramp higher through offers at 77.50/55 to 77.62, but the move ran out of steam just short of some large stops reportedly set on a break of 77.70.
Talk of any form on intervention has been discounted, but traders now appear nervous to short the pair following the SNB lead.
With the EUR/JPY back up towards 110.00, BOJ has inherited some relief weakness in the yen, but tomorrow’s Asian session could prove interesting if the SNB medicine holds up,
Dollar’s back down around 77.35 with EUR/JPY around 109.70