EURJPY crash towards 160 or lowerEuro/Japanese YenFX:EURJPYKokokokoloI expect EURJPY to retrace its exponential teletubby-optimism move back to 165 or lower. See benchmarks. 2008 benchmark only relevant if a severe recession/depression materializes which cannot be excluded. Technical drivers: EURUSD still extended significantly despite economic risks. EURJPY and USDJPY at end stage of exponential drive. Fundamental drivers: Increasing risks to growth, both in Europe and the US. Iran war and energy costs. BOJ normalization.