The USD/JPY pair rose again during the Friday session in order to pierce the 91 and over the first time in ages. We are now clearly over the 90 handle, and as a result it looks like the next leg up is about to happen. With this being the case, it’s very likely that this pair will continue to be a “buy on the dips” type of market. Because of this, that’s exactly what we are doing and we have seen fresh orders enter at the 90 handle. This suggests to us that we are definitely going to see another push higher, so anytime this market pulls back it should offer value.
Written by FX Empire