The USD/JPY pair went back and forth during the course of the session on Friday, as markets got very concerned about shooting in eastern Ukraine. With that, there was a bit of a “risk off” feel to the general markets later in the day, and as a result this pair of course sold off. Nonetheless, we are above the 102 level, which is an area that we think continues to be rather supportive. Ultimately, we believe that the market does go back to the 103 level, and that there is a massive amount of support down at 101. With that, we are interested in buying and not so much selling, or we do not have the right supportive candle in order to do so.
