The USD/JPY pair fell initially during the course of the session on Friday, but remains within the same the consolidation area that we have been in for the entire week. Ultimately, we believe that this pair will go higher, but recognize that right now we are essentially stuck. We are looking for supportive candles in order to buy, but don’t really have any interest in selling at this point in time. We believe that the 115 level below is the floor, and believe that the 120 level above is a short-term target.
