EUR/JPY trades with a very heavy tone this afternoon as does USD/JPY. Some pre-weekend profit-taking in AUD/JPY seems to be a factor in JPY strength this afternoon as Oz slips 0.75 since late in European trade.
Looking ahead for some support levels in EUR/JPY it is important to note the support line on the dailies that has been in place since late January. That line comes in at 126.85 today and 127.02 on Monday.
