The USD/JPY pair fell during the course of the day on Wednesday, breaking the back of the hammer from the Tuesday session. However, we still see significant support just below so we are not ready to start selling anytime soon. In fact, this point time we are simply going to step away from this market and wait to see if we get a supportive candle that we can start buying. Bit no interest in shorting so we can do that, but at the same time really there’s no way to buy this market either.
