The USD/JPY pair broke higher during the day on Friday, as we continue to grind our way back towards the top of consolidation. We closed above the 120 level, and that of course is bullish. Ultimately, we feel that the market will more than likely continue to go higher and we look at pullbacks on short-term charts as potential buying opportunities. We have no interest whatsoever in selling, and we believe that the 118.50 level will continue to be very supportive. Ultimately, we anticipate this market heading to the 122 handle, and then the 125 level.
