The USD/JPY pair fell hard during the session on Thursday, testing the support level just below at the 101 handle. Because of this, we believe that the buyers will stepping into this marketplace, and then the pair should bounce again. However, if we do break down below the 101 level, we still feel that there is significant support all the way down to the 100 level. Because of this, we have no interest in selling this market and are simply on the sidelines waiting for some type of supportive candle in order to get involved.
