The USD/JPY pair broke higher during the course of the day here on Wednesday, as we tested the 118 handle. Because of this, it looks like the USD/JPY pair is ready to continue going higher over the longer term, and we feel that the market is then heading to the 120 level given enough time. Quite frankly, this is a market that can be bought every time we pullback, and we will continue to do so as the US dollar should continue to strengthen. The 115 level below is massive support as far as we can see.
