FXstreet.com (London) - EUR/JPY continues trading softly and in extremely tight ranges. Some Asian markets are just back from a national holiday yesterday and apparently market player have not returned. The pair has dropped off slightly from the open (down 9 points).

The pair currently trades at 131.67. First support can be located around 131.67 (support level of current trading range this session), followed by 131.50(support level previous session).

For resistance should the sideways trading cease this session, 131.81 is our primary resistance (upper bound of current trading range), followed by 131.98(Dec 12 High).