As I said a little earlier, the interbank market is bullish on EUR/JPY for today at least and no-one wants to be short. The pair has moved 20 pips higher already in pre-Tokyo trade and if the Japanese market opens with the same mood, then we may be in for some more gains.
I see 107.70 as being the important short-term resistance level in EUR/JPY and USD/JPY should start to meet some solid short-term resistance around 84.20/30.
