Not much extension beyond 123.00 for the Yen vs the Euro last week as relatively buoyant risk sentiment on some improvement in daily rates of COVID-19 cases and deaths combines with signs of progress in terms of extra EU financial support to sap safe-haven demand. The next magnet zone for this pair is the resistance handle found at 127.00 which was last seen in April 2019. I can't yet see any shorting opportunities on this as the bullish pressure is still active.