EUR/JPY position update - Westpac

Analysts at Westpac are updating their recommendation:

"EUR/JPY position update:

Long EUR/JPY now closed on hitting stop
Entry: Long 100% at 117.20, Stopped out at 116.50

A sharp bout of risk aversion in US trading triggered a flush in JPY crosses (as well as US yields and stocks) and caused the postion to be stopped out shortly after initiation."