The Euro also declined against the Yen as the pair retreated after reaching the key resistance today at 156.99 which is also supported by the 50 days MA, the short term technical indicators are showing the pair needs a slight correction before attempting a new bullish wave and the point at 155.89 offers strong demand for the pair, while over the medium to long terms the negative model remains valid as long as the pair remains trading below the key level at 157.73.