The USD/JPY pair had a solid showing on Friday, closing the very top of the range. We clear the 103 level finally, and now it appears that the market is ready to continue much higher. The entire world knows of the Bank of Japan is working against the value of the Yen, so obviously there’s only one way to trade this market – to the upside. We see nothing on this chart to suggest that we should take any different, and as a result we will be buying pullbacks, and of course a break of the high from the Friday session.
Written by FX Empire