Forex: GBP/JPY collapses to November lows (San Francisco) - The Sterling is falling against the Japanese Yen weighed by the negative turnaround in stocks as sentiment deteriorated amid reports that the EU could delay Greek aid talks. The Yen is joining its safe haven status.

The GBP/JPY has fallen around 100 pips in the American session from 127.80 to break down 127.00 key level and trades around 126.70, October 21 lows. Currently the pair is 0.83% down on the day.

Supports would be at 126.15, 126.00 and 125.50. Resistance lies at 127.00, 127.25 and 127.80.