The USD/JPY pair broke higher during the course of the session on Monday, testing the 120 handle. However, we need to break above there in order to start buying as it is of course a round number. Ultimately, we believe that this market is going to continue going much higher, and therefore break out to a fresh new highs. We believe that you can buy on dips, and that this market should continue to climb over the longer term as well, which makes this essentially a “buy-and-hold” type of marketplace. We have no interest in selling at all.
