The USD/JPY pair as you can see rose slightly during the session after initially falling on Friday, binds going forward we feel that this market may struggle to get above the 120 level in the next couple of sessions. The reason being of course is that we have Christmas this week, so although we are positive of this pair, we recognize that it might be a little bit difficult to go higher with any type of customer the next couple of sessions. Pullbacks should offer buying opportunities going forward as the markets continue to favor the US dollar.
