11 January 2001, 09:55  Asia FX Review: EUR/JPY two-way trade leads Asian session

By Masataka Nakamura, BridgeNews Tokyo--Jan. 11--Aggressive buying of euro/yen was driving the dollar higher against the yen and euro higher against the dollar. Dollar/yen was also supported by good demand from Japanese investment accounts. In addition, the dollar/yen was also buoyed by the comment by Sakakibara, a former ministry of finance official. Sakakibara said that he expects the dollar/yen to rise to 120.

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