The USD/JPY pair went back and forth during the course of the session on Friday, showing that the 101 level is still supportive enough to keep this market afloat, and that we are still within the consolidation area. A break above the range for the Thursday session would be enough of a reason for us to start buying, as we would anticipate to see this market going to the 102.50 level. On the other hand, if we broke down we would be hesitant to sell anyway though, because we see support all the way down to the 100 handle.
