Forex News: EUR/JPY likely vulnerable in near term given drop yesterday below 167.50, which signaled end of pair's 4-month uptrend on charts that started from 151.70, says Mitsubishi UFJ Trust and Banking chief FX manager Hideaki Inoue. "With that key support broken, it's not strange that people are taking profits" on EUR/JPY; "if crude oil's run-up takes a real breather, the euro could fall more" vs USD, JPY. Says fall in EUR/JPY to 165.00 - or even 163.00 - possible in coming weeks if oil continues to fade, concerns over U.S. economy recede, or weak Europe economic data cast more doubt on ECB rate outlook. Now at 166.13 on EBS; tips 165.50-166.50 range for Europe hours
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