The yen tested a 9-month high against the euro toward the end of the European trading session on Monday, as risk aversion increased on fears that China will slow economic expansion.
EUR/JPY hit 125.75, passing a 9-month low reached earlier in the day. The pair will likely find support around 124.37, the low of April 28 last year.
The yen also tested a 5-week high against the dollar. After USD/JPY hit 89.34, the pair will likely find support around 88.90, the low of Dec. 18.