The USD/JPY pair had a hard session on Thursday, slamming into the 103 level. This level offered support though, and the market did bounce slightly. Because of this, we feel like the market is going to continue to consolidate sideways overall, thereby offering range bound trading opportunities. With that, we believe that this market will more than likely go higher, but do not have the setup at the moment to be bothered with it. A supportive candle down here of course has us buying as the market looks to bounce between 103 at the bottom, and 105 at the top.
