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Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke below the key level of 124. The Japanese banks will be closed next Monday in observance of Respect-for-the-Aged Day. Lower trading volume and volatility is expected during the Japanese trading hours. EUR/JPY’s next support zone is at 121.700 and the next resistance zone is at 124.600. Look for selling opportunities of EUR/JPY.