FXstreet.com (Buenos Aires) - USD/JPY finally broke under 90.00 level, and reached a seven-month low of 89.76. With weekly lows around that area, weekly close under that level will imply a midterm bearish continuation to test past January lows at the 87.10 area. Over sold in hourly charts, upside corrections will fin resistance at 90.10 and 90.50 area, while break under 89.65/70 zone could accelerate the fall to next zone at 89.20 support.
EUR/JPY reached the 132.00 zone, with hourly charts giving signs of exhaustion; however bigger time frames support further falls ahead so consider supports for the pair at 132.00, 131.74 and then, 131.30. Resistance in case of some upside correction, will come at 132.44 and 132.80 zone.