Forex Trading - EUR/JPY Looking to Test the Short-Term 61.8% Retracement

In reviewing the Euro Yen pair into the Japanese close and the European open, we notice the pair trading heavy, with the Yen trading better across the board. Examining the 4 hour chart from the lows to the highs for July, we notice the Yen testing the 61.8% retracement level above the 167 handle. Please note the pair has broken the 38.2% and 50% retracement levels as well as the 200 day moving average the first day of August.