The USD/JPY pair did very little during the session on Wednesday, essentially treading water and closing the day almost unchanged. This is rather impressive if you think about it, simply because this pair has been such a high flyer lately. A rest makes complete sense at this point time, and although we are not willing to sell this pair, we think the pullback is very likely. As long as we are both the 90 handle, we actually see no reason to sell this pair whatsoever, and look upon any time it falls as a buying opportunity on support.
Written by FX Empire