The USD/JPY pair fell significantly during the course of the session on Friday, clearing the bottom of the range for the session on Thursday. We believe that this market should then reach down to the 120 handle, which is massively important and supportive as far as we can see. We are simply going to wait until we see some type of supportive candle in order to serve buying. You will have to be patient, but we should see some buyers step back into this marketplace fairly soon. Selling isn’t even a thought yet.
