Risk-reward trade-of-the-day: Buy EUR/JPY

Definitely risky given the risk-events looming in Europe but I think the market may have gotten itself short and the comments from the BOJ overnight will be unsettling these shorts. There is clear technical support at 99.50 and if short-covering sets in, then 101.25 should be easily achievable.

Trade: Long EUR/JPY @100.10 with s/l 99.35 and t/p at 101.25.