The USD/JPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer. Nonetheless, we have no interest in selling this market and believe it will go much higher given enough time. We ultimately believe that we are testing the 120 level given enough time, and with that we are bullish and believe that the 115 level will be the “floor” in this market for the time being, but recognize regardless there’s no way to sell this pair.
