FXstreet.com (London) - EUR/JPY has traded to the upside this session after trading a narrow range in earlier trade. Yen has traded a narrow band between 126.00 and 126.50 before breaking out to upside in recent trading.
Pair currently trading at 126.67. For resistance should the upside come into play further into the session, take 127.40 (Jan 27Asian session high), for support levels take previous session low, 125.90 (intraday session low). Yen had been heavily bought last week as investor retreated to safe haven assets.