The USD/JPY pair fell during the session initially on Monday, but found enough support underneath to turn things back around and form a hammer. With this, it looks like the USD/JPY pair will continue to go higher. The 122 level might be slightly resistive, but it’s only a matter of time before we break out above there. With that, we are of course bullish, and have no interest whatsoever in selling this market as we think that there is more than enough support below to keep this market from falling for any significant amount of time.
