The JPY crosses have moved off their lows as the USD/JPY continues to find buying interest at 97.75/80. The way things are looking, you would have to expect we are going to break lower as we are not exactly bouncing back towards the figure with any ferocity what so ever.

The EUR/JPY is currently struggling to hold above 127.00 and i think we are likely to see a move back towards 122.00 sometime in the coming sessions.