The USD/JPY pair rose during the session on Thursday, but as you can see remains underneath the 99 handle, and quite frankly in a big massive consolidation. We do have an upward bias in this market, so we are perfectly comfortable buying and hanging onto the trade, but recognize the fact that the markets will more than likely continue to be choppy going forward. As far as selling is concerned, it’s not possible for us and we believe that every time the markets do fall, it simply going to be a buying opportunity.
Written by FX Empire