FXstreet.com (Barcelona) - The Japanese yen has surged against its major pairs, gaining more than a 100 pips versus the pound and the euro and breaking lower on the dollar in recent trading action.
The GBP/JPY has fallen from a daily high at 141.50, breaking the key level of support at 141.00, to hit an eight-day low at 140.14.
The EUR/JPY has dropped from a daily high at 124.45, breaking support at 123.80/85, to establish a three-day low at 123.03.
The USD/JPY has followed suit, breaking support at 90.85 to hit a fresh three-day low at 90.64 near the 200-period moving average on the hourly charts.
At the moment of publication, all three pairs are trying to find support just above the lows mentioned above.
