FX.co ★ EUR/JPY. Our Overall Outlook Remains Bullish, December 28, 2010 (Daily Strategy)

EUR/JPY

From an economist standpoint, rumors are being spread in Japan that the government intends to intervene in the currency market with an attempt to weaken the Japanese Yen. Of course, such a move will assist the Euro – Japanese Yen pair in performing according to our positive predictions of climbing all the way up to the 111.50 resistance level or even higher.