The USD/JPY pair fell during the session on Monday, dipping below the 101.50 level. The area below is rather supportive level, so we don’t necessarily anticipate selling this market anytime soon. Because of this, we feel that the market should continue to find buyers below, especially as we get close to the 101 level. Because of this, we feel that the market should start to find buyers relatively soon, but we do not have the proper buying signal in order to go along, so we are on the sidelines at this moment in time.
