The USD/JPY pair went slightly higher during the course of the day on Tuesday, as we continue to grind higher. We believe that this market eventually goes to the 120 level, and every time we pullback it should be another buying opportunity as there are plenty of supportive areas below. We believe that the 150 level is going to be extraordinarily supportive, but there are many areas between here and the 110 level that should continue to push this market higher as the US dollar continues to strengthen overall. On top of that, the Japanese yen is being sold off against most currencies.
