The USD/JPY pair initially broke higher during the course of the session on Friday, but found enough resistance above to turn things back around and form a shooting star. The shooting star of course signifies that we will more than likely pullback but we think that the 115 level is massively supportive. That being the case, we are buyers on this pullbacks, and have no interest whatsoever in selling this market as there is a massive amount of support below. Ultimately, we believe that this market goes to the 120 level, given enough time we feel that it could go even higher.
