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FXstreet.com (Córdoba) - The Yen finished Monday with considerable losses against European currencies but is still moving with an upside bias. GBP/JPY recovered after falling to a fresh one-month at 146.30. From there the pair started to rise and peaked at 148.20 (intra-day high). Then pulled back below 148.00 and currently trades at 147.77/85. Cable recovered Friday's losses and despite Monday's rally remains under pressure. The Yen has support on a downtrend line in four hours chart. A break above 150.00 could send the pair higher.
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