The USD/JPY pair fell during the bulk of the session on Friday, testing the 102 level for support. This area of course did hold up, so it appears we may grind sideways for the short-term. The weekly candle does look that healthy though, so it’s very likely that we will continue to fall in the short-term. Nonetheless, we are looking for supportive candles as we still believe the longer-term uptrend. The 100 level should be massively supportive, so it may be a few sessions before we get that opportunity, but we would be very aggressive to the long side at 100.
