EUR/JPY - Yen Weakness Continues to Prevail

Within the past week, yen weakening has been one of the dominant themes, as shown on the accompanying EUR/JPY daily chart. This yen weakening has manifested itself as significant recoveries in the USD/JPY as well as all of the major yen crosses. Price action on EUR/JPY has been traveling in a well-defined trading range with no discernible long-term trend since March. For more technical analysis on this currency pair,