The USD/JPY pair initially fell during the day on Monday, but found enough support at the 118.50 level to turn things back around. Ultimately, we feel that the market should continue to go higher now, as the candle looks very helpful. We believe that the market should on a break of the top of the range for Friday head to the 120.50 level next, and then possibly as high as 122 given enough time. We have no interest in selling, we believe the US dollar continues to be the favored currency around the world.
