The USD/JPY pair continues to grind itself a little bit lower, as the market seems a bit stretched at the moment. Ultimately though, we feel that the market should continue to find buyers below, and we are especially interested in the 122 handle. After all, that is where the market broke out of consolidation recently. A supportive candle in that area would have us buying as it should send this pair looking for the 125 handle later. We have no interest in selling, and quite frankly feel that this market will more than likely break above the 125 handle given enough time.
