The USD/JPY pair fell initially during the course of the session on Thursday, and then turned around to form a fairly bullish candle. If we can break above the top of the range for the Thursday session though, we are buyers as the market should then reach towards the 123.50 resistance barrier. Pullbacks at this point in time should be buying opportunities, and as a result we are very bullish of this market but also recognize that patience will be needed in order to continue to start buying. Selling isn’t even a thought.
