EUR/JPY loses further ground and breaches the 142.00 level. The next support is seen at the key 200-day SMA near 140.80. EUR/JPY adds to the weekly leg lower and breaks below the key support at 142.00, or 2-day lows, on Wednesday. In case the downside accelerates, the next support of note emerges at the 200-day SMA, today at 140.79.
A sustainable drop below the latter exposes extra weakness to, initially, the 138.00 neighbourhood. The constructive outlook for EUR/JPY is seen unchanged above the 200-day SMA for the time being.