The USD/JPY pair shot straight through the roof during the session on Thursday, going much higher. The 99.50 level did offer a bit of resistance, we think this market has shown that once the go higher, and as a result we are buyers on a break above the highs for the session on Thursday, or pullbacks that show signs of support. Quite frankly, this candle is a little bit by surprise that we did not enter the trade during the session on Thursday. But, we are more than willing to do so going forward.
Written by FX Empire