The EUR/JPY has continued to grind its way higher during morning Asian trading falling just short of the 127.00 level at the time of writing. A move above 127.60 is needed to open the way for a test of the 130.00 level. The 125.50 level is starting to shape up as a decent support level.
For a short term trade, look to buy at 125.75 with a stop below 124.90 for a move to 130.00.
