The USD/JPY pair gained during the session on Friday, which of course would’ve been expected after the extraordinarily strong session we saw on Thursday. We are now free oh 100 handle, and this of course means of this market is free to go much higher. We believe that the 105 level was calling, and it’s only a matter of time before the market gets there. As far as selling is concerned, there’s absolutely no situation we can imagine in which we would, and as a result we think that buying the pullbacks should be the way to go as well.
Written by FX Empire