EUR/JPY extends the drop to the mid-126.00s on Monday. The dollar remains bid on the back of higher yields. ECB’s C.Lagarde comes up next in the docket. The softer tone in the European currency weighs on EUR/JPY and drags the cross to fresh lows in the mid-126.00s. EUR/JPY weaker on EUR-selling The renewed buying interest in the greenback keeps the risk complex under downside pressure so far at the beginning of the week, motivating EUR/JPY to recede for the second session in a row although some decent support emerged near 126.50 so far. In fact, investors’ repricing of the next move on interest rates by the Federal Reserve has been lending unexpected and moderate support to the dollar and pushed US yields to multi-month peaks beyond 1.10%, all in detriment of the riskier assets. In the euro docket, investor confidence measured by the Sentix Index improved to 1.3 for the current month, while Industrial Production in Spain contracted 3.8% on a year to November. Later in the European afternoon, Chief Christine Lagarde will participate in a panel discussion at the One Planet Summit in Paris. EUR/JPY relevant levels At the moment the cross is losing 0.23% at 126.75 and a drop below 126.47 (21-day SMA) would aim for 125.70 (low Dec.16 2020) and finally 124.91 (55-day SMA). On the flip side, the next hurdle is located at 127.49 (2021 high Jan.7) followed by 130.18 (monthly high Nov.7 2018) and then 133.13 (monthly high Sep.21 2018). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD surges to fresh two-week tops, around 1.2835 region FX Street 1 year EUR/JPY extends the drop to the mid-126.00s on Monday. The dollar remains bid on the back of higher yields. ECB’s C.Lagarde comes up next in the docket. The softer tone in the European currency weighs on EUR/JPY and drags the cross to fresh lows in the mid-126.00s. EUR/JPY weaker on EUR-selling The renewed buying interest in the greenback keeps the risk complex under downside pressure so far at the beginning of the week, motivating EUR/JPY to recede for the second session in a row although some decent support emerged near 126.50 so far. In fact, investors’ repricing of the next… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.