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Forex: EUR/JPY consolidates after setting 3-year high

FXstreet.com (Córdoba) - The euro reached yet another multi-year high versus the yen on Monday as the BoJ started its bond buying program aimed at fight deflation and boost growth. EUR/JPY extended gains to a peak of 128.82, last seen on Jan 17, 2010 before losing steam.

The EUR/JPY has spent the last hours in a range just below recent highs and it is currently trading around 128.55/60, still up 1.1% on the day.

In terms of technical levels, next resistances could be found at 128.82 (Apr 8 high) and 129.00 (psychological level), while supports are seen at 127.30 (Apr 5 high) and 127.00 (psychological level).

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