The USD/JPY pair initially fell during the course of the session on Tuesday, but found enough support below to show the 107 level to be supportive. The resulting candle was a hammer, and as a result it appears that the market should continue to go higher. Nonetheless, even if we fall from here we believe that there is a massive amount of support all the way down to the 105 level, and as a result we have actually no way to sell this market as we do expect to see the 110 level had given enough time.
