EUR/JPY Mid-Day Outlook

EUR/JPY's break of 118.49 minor support indicates that recovery from 116.46 has already completed at 121.82 and fall from 123.31 is resuming. Intraday bias is back to the downside for 100% projection of 123.31 to 116.46 from 121.82 at 114.97, 50% retracement of 106.57 to 123.31 at 114.94. Focus remains