Japan Foreign bond investment ¥-645B in Feb 8

EUR/JPY is currently at 124.14, slightly above the bid line has been supporting the cross for last 2 weeks around the 124 handle. EUR/JPY retraces from yesterday's highs at 125.97, giving back almost all gains made Monday, still in the positive though for the week by a small margin. The cross fell on Euro weakness given worse than expected core UE GDP data, and Yen strength, with BoJ easing measures taking longer to take placed than previously advanced.