The USD/JPY pair fell hard during the day on Wednesday as the fear enters the market yet again. However, we believe that the markets will more than likely calm down given enough time, and this may end up being a nice buying opportunity given enough time. We believe that the 120 level should be rather supportive, extending all the way down to the 119 handle. Any type of supportive daily candle in that region is enough for us to start buying yet again. We have no interest in selling at this point, quite frankly we are looking at this from a longer-term perspective.
