The USD/JPY pair rose a little bit during the course of the session on Friday, showing the 101 level as support is still. The candle itself isn’t that impressive, but the fact that we hold this area yet again tells us that the market will probably continue to consolidate. Expect tight trading, as we are heading the summer months and there will be a whole lot out there to push the market around. We also believe that support goes all the way from 101 down to the 100. Because of this, we are “buy only.”
