The Japanese Yen is seen to be performing less well this week but is still moving stronger against the US dollar which is experiencing significant trading depreciation.
The results of the Bank of Japan (BOJ) policy meeting on Thursday were not very encouraging with interest rates still unchanged while the economic outlook until March is expected to be shorter than previously forecast.
Investors are also wary of emergencies in Japan which are seen to put pressure on economic growth risks.
Against other major currencies, the Yen is still weak as can be seen on the EUR / JPY currency pair price chart.
Prices are seen to continue to rise after exiting the 125.400-125,000 support zone tested this week's decline.
While the Euro was also trading well this week with a statement the European central bank will continue to act to support the economy at the latest policy meeting.
The weekend rise again tested the 126,100 resistance level in the SBR (support become resistance) zone.
A higher price hike is expected to head to the next SBR zone at 127.00 to record a weekly high.
However, if the SBR zone still fails to break through instead the price will decline again, the decline will return to the 125,000 support zone.
