The USD/JPY pair had another bullish session on Thursday as the 89 handle was tested. This market is most definitely bullish, and although it is a bit parabolic at this point time, it does look like we have plenty of wheels to go higher. We still target the 90 handle, and are presently long of this marketplace. Any type of pullback that shows signs of support should be a signal to start buying again, as the Yen should continue to weaken over time. As for selling, we have no interest in doing so.
Written by FX Empire