The USD/JPY pair fell during the session on Tuesday, testing the 102 level. This area has been supportive a couple of times before, and as a result we feel that this market will form a supportive candle sometime in the near term, and as a result we are willing to buy this market, or on a simple break above the 103 level as it would show a continued returned to momentum trading to the upside. If that happens, we believe that the 105 level will then be targeted. With that in mind, we are not able to sell this market.
