The USD/JPY pair initially fell during the course of the session on Thursday, but found support near the 118.50 level yet again. Because of this, it appears that the market is ready to continue going higher, and that we are buyers as a result. However, we recognize that there may be a lot of choppiness in the near term, so we will have to be very patient about this potential move, and quite frankly may even have to wait until a short-term pullback that show signs of support yet again in order to put our money in the market.
