Lower 21-mo Bolli at 127.54 & May '13 low at 127.50 key EUR/JPY supports

Source: Thomson Reuters

• EUR/JPY plunge overnight got below 38.2% of '12-'14 rise, but Jul-Aug '13 lows by 128 intact
  
  
• 1st oversold bullish divergence from daily RSI brings some countertrend rebound risk
  
  
• Last key supports seen at lower 21-mo Bolli at 127.54 & May '13 low at 127.50 
  
  
• ECB QE & more negative core EZ govt bond yields/spreads to JGBs weighs
  
  
• EUR upside limited by Greek, Austrian, peripheral debt & political risks 
  
  
• Offers into 130.00-15, 131 & particularly 131.50