The USD/JPY pair rose during the course of the day on Wednesday, as we continue to try to grind higher after the significant fall though we had seen previously. With this, we think there is massive support all the way down to the 110 level, and that sooner or later the buyers will get involved. If we can break above the recent high from a few sessions ago, that should be reason enough to start buying as we could grind all the way to the 114 level. We have no interest in selling until we are well below the 110 handle.
