The USD/JPY pair rose during the session on Friday, but gave back about half of the gains, in order to show a shooting star. The shooting star is preceded by two hammers though, so we look at this more as a sign of consolidation than anything else. We believe that the market does go higher eventually, so a break of the top of the shooting star from the Friday session is enough for us to start buying again. Selling is not a possibility and we feel that the absolute bottom of this market is at the 100 handle.
