The USD/JPY pair initially fell during the course of the session on Thursday, but for the second day in a row found enough support below to turn things back around and form a nice-looking hammer. It looks like we’re going to continue to grind higher, and as a result we anticipate this market heading to the 122 handle. We have no interest whatsoever in selling, and look at every dip in this market as a potential buying opportunity. Quite frankly, the US dollar should continue to be the strongest currency around the world.
