The USD/JPY pair broke higher during the course of the session on Tuesday, as we head towards the 119 level. We believe that the market will ultimately go to the 120 level, and perhaps even higher than that. Ultimately we believe that this market will break above that area and head to the 122 level, and then possibly even the 125 level. Each time this market pulls back we believe that the buyers will continue to jump into this marketplace, offering plenty of “buy on the dips” type of opportunities. We have no intentions of selling.
