EUR/JPY has stuck to a 20 pip range and....>

EURO-YEN: EUR/JPY has stuck to a 20 pip range and last deals at Y128.58 after

touching session lows at Y128.50, as JPY sits atop the G10 pile. 

- The pair initially edged lower in sync with the Nikkei 225, but bounced back

modestly, as the Japanese benchmark stock index consolidated posting marginal

gains. The Nikkei 225 is 0.14% higher on the day at writing. 

- Meanwhile, JPY has garnered some strength from underperforming U.S. equity

index futures today. 

- This comes in after a poor session for JPY on Monday. 

- Bears look to a move through the aforementioned Y128.50 level as a clean break

below would open up yesterday's lows of Y127.93. Meanwhile, the 21-DMA at

Y128.71 provides initial resistance and a break above would shift bullish focus

to Tuesday's intraday high at Y128.92.