The USD/JPY pair went back and forth during the session on Friday, forming a negative candle. We did close below the 102 level, but quite frankly this much noise below that we don’t really put too much credence into that move. We believe that a supportive candle is still a buying opportunity as the market continues to go higher, but that being the case the market is more of a longer-term trade as there is a much noise everywhere. Ultimately, we believe that we hit the 105 level, and then the 110 level.
