Euro holds to losses against yen weakened by data. Pair heads for lowest close in a week. The EUR/JPY pair dropped sharply earlier today following the release of Eurozone economic data that came in below expectations, generating concerns about the global growth outlook. It bottomed at 125.66, the lowest level in six days. From the lows bounced to the upside, but the recovery was limited below 126.00 and during the American session slowly moved back to the lows. As of writing, it trades at 125.75, down 80 pips for the day, having the worst performance since March 22. Bearish breakout of the range Today’s slide ended a period of range trading between 126.20 and 126.75/80. The upper limited has become a key resistance that if broken could lead to further gains for the pair above 127.00. In the short-term, the outlook now favors the downside. If EUR/JPY extends the decline under 125.66 a test of the critical support at 126.50 (uptrend line and horizontal level) could be seen. The mentioned area is likely to offer support today taking into account the low volume session but if it breaks below the negative tone will likely intensify. The next strong support is located around 125.00. More levels 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 GBP/USD Technical Analysis: Cable hovering near 1.3000 figure FX Street 4 years Euro holds to losses against yen weakened by data. Pair heads for lowest close in a week. The EUR/JPY pair dropped sharply earlier today following the release of Eurozone economic data that came in below expectations, generating concerns about the global growth outlook. It bottomed at 125.66, the lowest level in six days. From the lows bounced to the upside, but the recovery was limited below 126.00 and during the American session slowly moved back to the lows. As of writing, it trades at 125.75, down 80 pips for the day, having the worst performance since March… 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.