The USD/JPY pair went and forth during the session on Monday, as we continue to hang out just below the 110 level. That area is significant resistance, so we believe that it’s going to take a significant amount of momentum building in order to break out. We like buying pullbacks, as we believe the market should continue to favor the US dollar in general. The Japanese yen continues to be sold off against most currencies around the world, and the US dollar of course is no different. Without, we only buy this marketplace.
