The USD/JPY pair went back and forth during the session on Thursday, and at the end of the day could hardly decide what it wanted to do. We ended up closing just where we started, forming a significantly neutral candle for the day. That being the case, we still are very bullish of this market and believe that any pullback will be met by significant buying. In fact, we see massive support all the way down to the 100 level, and as a result we do not expect to see sub-100 prices again.
Written by FX Empire