FXStreet (Córdoba) - EUR/JPY staged a decent recovery on Thursday after four consecutive days of losses and hitting a fresh 8-month low at the beginning of the European session. EUR/JPY bottomed out at 126.77, but managed to change course and climbed more than 150 pips throughout the day to score a high of 128.24 during the New York trade, as demand for the yen tempered as risk aversion eased over the last hours. EUR/JPY levels to watch At time of writing, EUR/JPY is trading at 128.18, up % on the day, with immediate resistances lining up at 128.57 (100-hour SMA), 129.00 (psychological level) and 129.47 (Jan 5 high). On the flip side, supports could be faced at 126.77 (Jan 7 low), 126.27 (Apr 15 low) and 126.08 (Apr 14 low). For more information, read our latest forex news.