Early Tokyo is taking advantage of the overnight rallies in EUR/JPY and AUD/JPY to book some profits. The recent 126.10 high from last week in EUR/JPY was not challenged overnight and it may take a break above there to encourage more shorts to cover. Not much in the way of technical support until a previous hourly high at 124.25 and the hourly trendline around 123.40. EUR/JPY currently trades just below 125.00, down from a session high around 125.50.