Following the break out of the resistance at 134, the parity stopped its bullish movement just below 136 (next resistance). Currently, the price is back below 134 is is giving a sell signal. We should normaly advise to trade only short positions but we prefer to stay flat as long as the parity is into the range 133-134 to enter into the side of the break out.

http://www.tribuforex.fr/img_vrac_2/eurjpy05112009.png