The USD/JPY pair had another strong showing on Monday as we managed to break to new highs. Now that we are well above the 94 handle, we have to assume that the 95 handle is next, and that the bullish momentum should continue. Out of all the Yen related pairs, this is perhaps one of the more subdued, meaning that it should be able to keep its upward momentum much longer than the other pairs. With that being the case, we are perfectly comfortable buying this pair every time it pullback, even using short term charts to do so.
Written by FX Empire