EURJPY and the Dow - Separated at Birth

Did you know that EURJPY and the Dow Jones Industrial Average (DJIA) have tracked each other closely since the beginning of this decade? A closer look at the charts of both assets will reveal very similar long term and short term technical patterns. As time goes on, they seem to track each other even more closely. Therefore it is hardly a coincidence that the wave structure from a long term to a short perspective suggests that significant tops may be in place for the both EURJPY (164.59) and the Dow.