EUR/JPY: Here we go again, my my, how could I resist you…

By: Sean Lee

Haircut 100 have been replaced today in the “Ohrwurm” stakes (a song that you can’t get out of your head) by Abba, sad but true. EUR/JPY is marching higher again as the early Swiss hedge funds hit their buy buttons like crazy. No word yet of any optionality at 110.00 but it wouldn’t surprise.