The common European currency declined by 46 points or 0.37% against the Japanese Yen on Wednesday. The currency pair breached the weekly support level at 123.75 during Wednesday’s trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for the EUR/JPY pair would be at the 123.00 level.
However, a support line at 123.14 could provide support for the currency exchange rate within this session.
