Until this time JPY up can be a water for EUR and GBP up, keep them to continue up. But in Europe and US market it can be gasoline for GBP and EUR. Why ?, because the crossrate support them to be up.
The scenario fail, if JPY move up again, but if the JPY stay in this range, EUR and GBP have enaugh room to going up, no problem if JPY up after that, it can be gasoline for EUR and GBP.
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