The USD/JPY pair broke above the 102 level during the session on Wednesday, signifying that we would more than likely continue to grind higher. With that, we are bullish of this market, and fully anticipate that it’s going to head to the 103 level. With that, we are cognizant of the fact that there could be a bit of resistance there, and then possibly heading to the 104 level as well. With that, we believe that the new hire will be choppy, but nonetheless we do think that the USD JPY pair does continue to go higher.
