The USD/JPY pair fell during the course of the session on Wednesday, but as you can see still found support near the 102 level. The market should be fighting buyers in this general vicinity, so we are not interested in selling. That being the case, we feel that the market will print a supportive candle that we can start buying soon. However, right now we are simply sitting on the sidelines waiting for that signal to start buying. Between now and then, we are interested in launching all yen related pairs as they typically move together.
