The EUR/JPY is falling today on both EUR weakness and JPY strength, resulting in a more than 100 pips plunge on the day, from 103.94 high to 102.88, current low.

At the moment of writing, the cross is making a slight retracement back to 103.00 level as NY session is about to open. The American session will have Minneapolis Fed’s Kocherlakota, FOMC member Pianalto and Philadelphia Fed’s Plosser speeches.

Mataf.net analysts point to resistances at 103.45, 103.70 and 104.05. On the downside, supports might be found at 103.00 and 102.00.