Technically this pair looks like it will move lower with an all engulfing candle on the daily and what looks like a flag formation on the hourly we may see a break down to minor support around 115.40 but it could go to the daily trendline running from the 3rd sept 2015 low. A short trade should be taken with caution as with talk of BOJ easing and the ECB doing nothing I would expect Yen to weaken and the Euro to strengthen.