Skandinaviska Enskilda Banken made some technical forecast for EUR/JPY estimating the direction and the possible targets:
EUR/JPY: Targeting 137.35/08 next. "Price action was lukewarm at the best yesterday, but anyway showing that some kind of supply is trickling through and supports in the low-137s are exposed (but less so if 138.39 goes)."
As we see from
the chart above - the price is on primary bullish condition with the
secondary correction for breaking 137.50 key support level. SEB
analytics are estimated the next targets as 137.35 and 137.08 which are
really possible in case the price breaks 137.50 key support level.