The USD/JPY pair rose during the session on Monday, bouncing off of the 101.50 level. This looks like a market that is ready to consolidate somewhere, but keep in mind that there is a nice uptrend line just below, so this should continue to push the market higher over the longer term. We believe in that anyway, so a break of the highs from the Monday session has us buying this market, aiming for the 103 level in the short-term, and ultimately the 105 level given enough time, and possibly even higher.
