The USD/JPY pair rose slightly during the session on Friday, as we continue to show strength in this market. After all, the US dollar is the favored currency by Forex traders around the world, so it’s very difficult to imagine going against it. This is especially true when you pair it with the Japanese yen, as the Bank of Japan continues to keep very loose monetary policy in place. We believe that this pair is a “buy-and-hold” type situation, as well as a “buy on the dips” type of situation. There is no scenario in which we sell.
