Hi AJ,
As at MongoDB 3.0, there is no configuration file for the journal path; MongoDB always looks for a "journal" directory in your configured dbPath.
You can, however, symlink the journal directory to another path on your filesystem or use a unix mount point. This is typically only done for performance reasons, since the journal files have different write characteristics (append-only files that get removed) vs data files (random access).
One important caveat for separating your data and journal directories: if your data and/or journal directories span multiple filesystems you can no longer use the common "snapshot" approach for backing up your MongoDB deployment. For backup strategies see:
http://docs.mongodb.org/manual/administration/backup/.
Regards,
Stephen