Societe Generale - "I suspect that thee is near-unanimity in the market that the yen has fallen too far, too fast, but also enthusiasm to sell into corrections such as this. Such consensus argues for a choppy market for now, rather than clear direction. The EUR/JPY correction that has accompanied the USD/JPY fall, has also served to stop the EUR/USD advance, and indeed, may boost other currencies in Europe vs the Euro on purely technical grounds today. If nothing else, that argues for a temporary stop in the EUR/CHF spike."