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EUR/JPY collapses to 132.20

FXstreet.com (San Francisco) - The Euro is currently trading lower against the Japanese yen and after falling around 160 pips from 133.80 in the American session, the EUR/JPY is testing now the 123.20 area.

At this moment, the EUR/USD is pricing at 123.40, still 0.1% positive on the day. However, short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.

Below the 132.20, next supports are at 132.00 and 131.65. On the upside, resistances are at 132.65, 133.00 and 133.80.

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