The USD/JPY pair broke higher during the course of the session on Tuesday, as we start reaching towards the 121.50 level. If we can get above there, the market should continue to go much higher than, perhaps as high as the 125 level. If we pullback from here though, we think there is more than enough support below to keep this market going higher. In fact, we believe that the actual “floor” in this market is somewhere close to the 118.50 level. The one thing that we can count on in this particular pair is going to be volatility though.