Forex: EUR/JPY finds bids circa 106.00; outlook bearish' - FXWW

FXstreet.com (San Francisco) - EURJPY finished unchanged on the day at 106.55 after testing bids below 106.00 in overnight trade. In the near term, Japan's December 16th election and the BoJ policy announcement on December 20th will be key risks for JPY. "With the general election only 5 days away, and Yen shorts reportedly at extreme levels, selling rallies in the cross seems like the obvious strategy," explains Sean Lee, founder of FXWW. "Resistance should be firm near 107.00 and the short-term target is 105.30."