Chart - Courtesy Trading View
EUR/JPY was trading 0.08% lower on the day at 139.78 at around 09:40 GMT.
The pair has erased early gains and has slipped lower from session highs at 140.50.
On Wednesday, the Bank of Japan (BoJ) announced an unscheduled bond-buying operation.
The Japanese central bank offered to buy JPY200 billion worth of Japanese Government Bonds (JGBs), including JPY100 billion 3-5 Year and JPY100 billion 5-10 Year.
The Bank of Japan triggered sell-off saw EUR/JPY close 3.67% lower in the previous session, biggest single-day loss in over 6 years.
Technical bias for the pair has turned bearish. Price action has slipped below 200-DMA, scope for further downside.
Immediate support lies at 38.2% Fib at 139.23. Break below will see dip till 50% Fib at 136.39.
