The Euro declined last week against the Yen to extend its correction beyond the 38.2% correctional level at 159.90s and now the pair is trading among the 38.2% level and the 50% level at 158.30s which offers strong demand for the pair, should the pair continue its upside wave it must breach the 159.90s resistance, yet the pair will face a strong level around the 159.40s represented by the 50 days Moving Average.