The USD/JPY pair broke higher during the course of the session on Wednesday, as we continue to hang about the 120 handle. That’s an area of that we believe is a barrier that will eventually the scene as a springboard to much higher levels. With that, we feel that the market should continue to go to the 125 level. We think that there is a massive amount of support below all the way down to the 115 level, and as a result we are buying only as far as this particular pair is concerned.
