The USD/JPY pair went back and forth during the session on Wednesday, essentially settling nothing. The area just below has been supportive in the past, so it would make sense that we would find buyers in this general vicinity. Because of this, we feel that this market is ready to continue going higher, probably aiming towards the 105 level. The 105 level of course will be resistance, and we think there’s plenty of noise between here and there to make the trip to that level choppy. However, if you are patient enough, this could be a nice buying opportunity.
