The Bank of Montreal (BMO), who are at the top of this week's three-months currency forecast ratings, have predicted that the Japanese yen will continue to stay strong as long as risk taking stays low and global uncertainty continues, according to FX Week.The yen is strongly tied to the euro, which touched an 11-year low against the yen this week, as Angela Merkel and Nicolas Sarkozy met to discuss the future of the single currency.Despite the intervention from the Bank of Japan, the relative risk evasion in the economy will lead to little money flowing out of the country, keeping the currency strong.Predictions from BMO revealed that EUR/JPY will drop to 0.97 by March and will bottom out at 0.95 in the second quarter.Senior economist and foreign exchange strategist at BMO, Benjamin Reitzes, commented in FX Week: "Three months ago we thought, as we still do, that the European crisis was not contained and things would likely deteriorate to some extent in Europe, and we have seen that happen."The euro has weakened off across the board and the related risk aversion means the yen will likely remain relatively strong despite intervention from the Bank of Japan."For more information on foreign exchange treasury services and risk management, visit our Corporate FX site