FXstreet.com (Córdoba) - EUR/JPY tumbled on Wednesday to 128.35 reaching a fresh 4-week low. The Euro is still under pressure as problems on Greece continue to weight. The pair fell more than 150 pips from 130.30 and currently trades at 128.65/70, 1.20% below today's opening price. The Euro is headed toward the lowest daily close since July 8.
EUR/JPY failed to hold above 130.00 and is falling for the fifth consecutive day accumulating a decline of almost 400 pips. To the downside the next support could be located at 127.50 (Dec 18 low).