FXstreet.com (Córdoba) - The Euro remains week across the board, affected by the situation in Greece and the decline in the ZEW survey in Germany. Against the Yen is trading at the lowest level in four weeks.
EUR/JPY is falling for the fourth consecutive day and an hour ago fell to 129.63 reaching the lowest price since December 21. Currently trades at 129.85/91, 0.52% below today's opening price. If the pair falls further it could find support around 128.75/80 (Dec 9 / 17 low).
Consolidating under the daily Ichimoku 'cloud' and the moving averages with similar pictures in other yen crosses. Bearish pressure has increased but the Euro is slightly oversold, says Nicole Elliott Nicole, senior technical analyst at Mizuho Corporate Bank. Expect a little hesitation around 130.00 today.