The USD/JPY pair fell during the session on Monday, but as you can see really remains mired in a significant amount of consolidation. With that, we don’t necessarily have a trade at this moment in time, but do recognize that the market is consolidating between the 101 level on the bottom, and the 103 level on the job. With this, we are buyers closer to the 101 level, as long as we get some type of supportive candle. We aren’t necessarily interested in selling at the moment, because we believe that the longer-term move will be to the upside.
