The USD/JPY pair had another positive session on Tuesday, as the buyers have stepped up pressure again. This market will be especially sensitive to the FMOC meeting announcement later today, so quite frankly we think waiting until the end of the day to place the trade is probably going to be the best thing to do. Ultimately, we believe this pair goes higher but do recognize the fact that a lot of volatility could be seen late in US trading. With that being the case, we are wanting to go long, but will wait until the dust settles.
