The USD/JPY pair broke higher during the course of the session on Friday, breaking above the 122.50 level. With that being the case, the market looks like it is ready to continue going higher, and we believe that pullbacks are buying opportunities. With this, we have no interest in selling this market as the uptrend line did in fact hold, and we believe that the market is going to work its way back towards the 125 handle. We have no interest in selling, because we believe that the Greek crisis is starting to come to an end, and this pair is a bit of a “risk on” type of market, going higher when times are good.
