The USD/JPY pair rose during the course of the session on Friday, testing the 102 level for resistance. This area has offered resistance and support before, so as a result the market looks as if it’s going to continue to chop around. On a move above the 102.15 level, we think this market could go to the 102.60 level, and then the 103 level. A move above the 103 level would be very bullish, and the market should head to the 104 level at that point. Have no interest in selling this market.
