Published by Jamie JemmesonThe euro may fall to an eight-year low against the yen, according to Tokai Tokyo Securities.Speaking to Bloomberg, Yoh Nihei, a trading group manager at the securities group, said technical analysis shows the euro has formed a triple top against the yen in trading this year.The euro has lost 16 per cent against the yen overall this year but has staged a rally in three distinct stages, capping out each time between 133 and 114 yen.Interpreting the data, Mr Nihei said this consistent capping is evidence that the euro is in a gradual downtrend against the yen.The single currency may fall below 107.32 yen this year, he claimed, reaching a low that has not been seen since November 2001.In global forex trading this morning, forex dealers pushed the euro lower against ten of its 16 major counterparts, with concerns about the upcoming results of European banking stress tests weighing on the currency.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site.