EUR/JPY at 16 month high

Indications that the Bank of Japan will follow a more aggresive monetary policy to weaken the Yen in order to spur growth and fight deflation in the country make the EUR/JPY climb to a new 16 month high.

Stocks of exporters led the Nikkei 1.5% higher at close, near 2012 highs.

The index has the potential to be one of the top performers in 2013 after years of underperformance and mediocre returns.