The USD/JPY pair rose during the session on Wednesday, continuing to grind sideways as we continue to build a bit of a base down in this general vicinity. If we can get above the 103 level though, we would be buyers as we suspect this market would continue to go much higher, probably targeting the 105 level over the course of the next several weeks. Pullbacks at this point in time would be considered buying opportunities if they provide the right supportive candle. Regardless though, we have no interest in selling this market at this point in time.
