The USD/JPY pair broke higher during the course of the day on Monday, breaking back above the 120 handle. The market looks as if it wants to go higher, heading towards the 122 level. With this, the market should continue to find buyers, and as a result we have no interest whatsoever in selling as it appears that the market has more than enough support underneath to continue to show strength in general. In fact, we have no interest in selling until we break well below the 118.50 level, something that seems very unlikely at this point.
