The USD/JPY pair broke higher during the session on Tuesday, after initially dipping. However, we are closer to the bottom of the consolidation area them the top, so it makes sense that we would continue to see buyers stepping into this market as they perceive it as being “value.” That being the case, we are bullish of this market and expect that it should head back towards the 102.50 level. Pullbacks between here and there should continue to be buying opportunities, and short-term charts will be the way to go as far as navigating this pair.
