Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke the support zone of 127.500.
The eurozone retail sales released last Friday indicated a slowdown in consumer spending in January.
Currently, EUR/JPY is testing the support zone of 125.000 and the next resistance zone is at 127.500.
Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 125.000.