The USD/JPY pair broke above the 120 level during the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated in America. With that being the case, it appears that we are starting to delve into the next leg higher, and we believe that pullbacks should continue to be buying opportunities. We believe that this market is going to the 125 level given enough time, but pullbacks will occur from time to time. Those are buying opportunities though, as the US dollar is without a doubt the strongest currency out there.
