The USD/JPY pair rose during the session on Friday, but remains fairly tight going forward as we have gone sideways over the last two weeks. The market is been extraordinarily bullish over the last several months, and a sideways move makes buying this pair a little less difficult for those who would want to enter the marketplace. However, we still want to see some type of pullback, and would love to see go all the way down to the 90 handle. We believe down there we would see a massive amount buying, and give this market a real slingshot of energy in order to continue higher.
Written by FX Empire