The USD/JPY pair fell slightly during the session on Tuesday, but bounced above the 95 handle by the end of the day in order to stay supported by the region. Looking at this market, the Bank of Japan is a major influence, and as a result we believe that over the long-term this market continues much higher. With that being said, we see plenty of support below, and simply would not be bothered to short this market. In fact, we look at every time this market falls as being a buying opportunity for the foreseeable future.
Written by FX Empire