The USD/JPY pair went back and forth during the session on Friday, ultimately settling on a fairly negative candle. However, we can still see that the 102 level is supportive, and as a result the market should see buyers come back into play in this general vicinity. On top of that, there is support down at the 101.50 region, and we believe that’s the “floor” in this market. 103 will be resistance, but ultimately this market should break through their and head to the 104 level. Selling is something we are not interested in.
