EUR/JPY falls back below 132.00

FXstreet.com (Córdoba) - The shared currency lost momentum during the American session and retraced a portion of its intraday gains versus the yen as stocks pull back from highs in Wall Street.

EUR/JPY peaked at 132.13 at the beginning of the NY session but found sellers, and having given up over 80 pips within the last hours, the cross dropped to a session low of 131.25.

At time of writing, EUR/JPY is trading at the 131.40 area, still up 0.7% on the day, with immediate resistances at 132.13 (daily high) and 132.55 (May 24 high). On the flip side, supports could be found at 131.00/05 (psychological level/May 27 high) and 130.45 (daily low).