The USD/JPY pair fell during the day on Monday, as we continue to bounce around the 120 handle. There is a larger triangle or wedge pattern if you will, and as a result we believe that this market will simply continue to go sideways in general. Having said that, we would anticipate that the buyers should return to the marketplace here and the next session or so, and as a result we are short-term buyers on supportive candles off of the short-term charts. However, we are not looking for the world here, just short-term opportunities.
