FXstreet.com (Barcelona) - The Dollar continues losing ground against the Yen and it has lost the 96.40/50 support level to test 95.95 (Mar 30 low) ahead of the European session opening.

Below 95.95, the Dollar could find support at 95.65/40 (Mar 12 lows) and 94.15 (Mar 20 low). In case of a rebound at current levels, next resistance could come at previous support around 96.40/50, and above here, 96.90; once past these levels next resistance could lie at 97.60.

EUR/JPY has also lost recent support levels, dropping to levels right at 125.75 (50% Fib resistance of the Jan_Apr rally), which is being tested at the moment, below here, the Euro could find support at 124.35/00 and 123.40. On the upside, resistances lie at 125.30 and 126.40.

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