The USD/JPY pair went back and forth during the course of the day on Tuesday, testing the 120 level for resistance. We initially did have a bit of strength, but ultimately we ended up forming a fairly neutral looking candle. With fact, we have no interest in trading this market yet, but we do recognize that sooner or later that the buyers should take over again. On a break above the top of the range for the day, we think eventually this market will reach towards the 122 handle. When no interest in selling at the moment.
