The USD/JPY pair broke higher during the session on Wednesday, testing the 115 level. This is an area that we anticipate seeing quite a bit of resistance at, based upon the fact that it is a large, round, psychologically significant number. We believe that any pullback at this point in time should be a buying opportunity, and will treat it as such. We like buying supportive candles below, as we think the market should continue to grind much higher, probably breaking above 115 sometime fairly soon. We have no interest in selling at all.
