The USD/JPY pair fell initially during the session on Thursday, but found enough support just above the 105 handle to turn things back around and form a hammer. Because of this, we believe that this market should continue to go higher given enough time, as the 105 level has offered support today’s in a row. Because of that, we are bullish and we do believe that the uptrend will continue to go higher. A break of the top the hammer is reason enough to start buying but we recognize that you may have to be able to deal with the volatility.
