The USD/JPY pair broke down a little bit during the session on Friday, but as you can see is simply grinding away to the side. With that being the case, the market looks like it’s a little bit difficult to trade at the moment but we would love to see some type of supportive candle in order to start buying again. We have no interest in selling, as the US dollars without a doubt the favored currency around the world right now. Ultimately, we believe that this market heads to the 122 level, and then the 125 level.
