Yen vs Euro

Yesterday, I posted some charts that I thought might push the dollar either further up, or further down. I had my beliefs (strengthening), but allowed things to come together on their own.

I put a short on the EURUSD pair and a long on the USDJPY pair. The first succeeded, the latter, no. I am trying to figure out what allowed the JPY currency to maintain greater strength than the EUR. It looks like their was an interest rate decision by Japan's central bank yesterday, plus a handful of economic releases. I truly do not know what contributes most to investors' analysis of the economic strength of a currency.

I still think that the USDJPY will hold its recent low and move upward. I'll continue watching the charts for technical entries/exits.