The USD/JPY pair rose during the course of the day on Tuesday, breaking higher and clearing the 190 level. With that, we feel that the market should eventually go to the 120 level, and that pullbacks at this point in time should continue to bring in buyers. We have no interest whatsoever in selling this market, as we recognize that the US dollar is by far the strongest currency in the world, and the Bank of Japan will continue to work against the value of the Japanese yen overall. With that, we feel it’s only a matter time before we break out even above the 120 level.
