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UPDATE: Yen tests 9-month high against euro

Published 01/26/2010, 11:15 AM
Updated 01/26/2010, 11:35 AM
USD/JPY
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EUR/JPY
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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.

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