The USD/JPY pair fell during the course of the day on Friday, and even dropped below the 105 level. However, there was enough support below to turn things back around and we closed just above it. That being the case, it appears the market is still trying to break out to the upside, and as a result we feel that this market could continue to go higher given enough time. We anticipate a bit of a struggle, but ultimately we certainly cannot sell this market. In fact, we believe that there is a massive amount of support all the way down to the 103 level.
