Forex: EUR/JPY consolidates above 129.00

FXstreet.com (Córdoba) - The yen has recovered ground on Friday as USD/JPY failure to break above the 100.00 mark encouraged some profit taking in JPY crosses. EUR/JPY for its part, pulled back from a 3-year high of 131.10 scored on Thursday toward 129.00 before finding support.

The euro has been also weighed amid renewed concerns over Cyprus, even though the Eurogroup announced afterward that conditions for a €10 billion loan are in place.

EUR/JPY is currently trading around 129.50, recording a 0.8% loss after 6 consecutive days of gains.