The 200-day MA is at 132.99 today and this has proved to be a major stumbling block for the EUR/JPY in recent times. There is also a potential double-top on the hourly chart at 132.85 but the short term market needs to break back below 131.30 to confirm this formation. Prefer shorts at current levels (132.60) with a stop/reverse strategy above 133.10/15.