The Eurozone single currency drooped by 77 pips or 0.59% against the Japanese Yen on Friday. The currency pair breached the 130.00 level during the Asian session on Monday.
The EUR/JPY exchange rate is likely to continue to trend bearish during the following trading session. The potential target for sellers could be near the weekly support level at 128.50.
However, the currency exchange rate could rebound from the support line at 130.00 within this session
