The USD/JPY pair went back and forth during the course of the day on Friday, as we continue to go sideways overall. With this, the market looks as if it is more than likely going to see a significant amount resistance all the way to the 125 handle. Because of this, we are bullish but we also recognize that pullbacks might be needed in order to build up enough momentum to break out. We will look at those pullbacks as “value” in the US dollar. We have no interest in selling, as the uptrend has been so strong lately.
