Forex: EUR/JPY breaks below 101 on Yen strength (Barcelona) - EUR/JPY just broke below the 101 mark, last at 100.79, off fresh session and weekly lows at 100.73, weighed on USD strengthening against most majors but Yen, that is even stronger than USD, making the USD/JPY pair slip back to previous session lows area, last at 79.43. USD/JPY has not managed to break above its 200 day SMA around 79.65, coupled with 100 SMA in 1H charts around same level.

Local share markets and SP500 futures are also having some problems finding enough demand, with all Asia-Pacific indexes in the red, including Nikkei, which initially started in positive. Gold also trades weak at fresh weekly lows $1723, while Oil shows no strength either. EUR/JPY is down -0.29% for the week so far.

Immediate support for EUR/JPY to the downside lies at Friday's lows/38.2% Fibo retrace of 94/104.60 up leg 100.57/47, followed by Oct 11 lows at 100.14, and Oct 01 lows at 99.75. To the upside, closest resistance shows at yesterday's lows 100.87, followed by yesterday's highs at 101.30, and Friday's highs/Wednesday's lows at 101.77.