By FXEmpire.com
The EUR/JPY pair fell during the session after initially rallying on Wednesday, to remain below the 96 handle. This pair looks weak, and that makes sense as the Euro is about to see it central bank introduced some type of quantitative easing.
The recent bounce to the 97 handle has proven to be yet another selling opportunity in this market that has been so overly bearish over time. We look at it is the test of the 95.80 level, and we now see a break below the recent lows of the last five or six sessions as an opportunity to sell this market yet again. We think that this market is heading back down to the 94 handle in the short term.
Click here a current EUR/JPY Chart.
Originally posted here
