The USD/JPY pair broke higher during the course of the session on Friday, clearing the top of the hammer that had formed on Thursday. Because of this, the market looks as if it is ready to continue going higher, and perhaps head to the 121 handle. Ultimately, we believe that this market continues to go back and forth in this general vicinity, but still should favor buyers overall. We have no interest in selling due to the fact that we have seen so much in the way of support just below current levels.
