The USD/JPY pair went higher during the beginning of the session on Friday, but turned back around to form a bit of a shooting star. However, the market looks as if it is simply grinding away in this general vicinity, as it tends to bounce between the 120.50 level on the top, and the 118.50 level on the bottom. Ultimately though, we do feel that this market goes higher given enough time. At this point though, we are simply going to wait for this market to pull back and form a supportive candle in order to start buying yet again.
