EUR/JPY has been edging lower for the past three days but technical support should spark a rally to 131.00 according to analysts at Credit Suisse. They cite the 55-day moving average as support.

EURJPY technical analysis June 25, 2013

EURJPY daily with 55-dma

They warn that a break below support at 127.05 could spark a further retracement to 124.95/44