The USD/JPY pair managed to eke out a bit of gains during the Friday session as we closed above the 90 handle for the first time in ages. This pair looks extremely bullish, and we believe that a run up is in the cards still. The Bank of Japan meets late in the week, and as a result we could see a bit of profit taking after their announcement, but in reality we think this is a very bullish market, and will be buying pullbacks as they come. Signs of support after a slight drop are exactly will be using to enter this market over and over.
Written by FX Empire