The USD/JPY pair went back and forth during the course of the session on Friday, forming a slightly positive candle. Ultimately, I believe that this market will continue to go higher, but I recognize that there is a lot of resistance above. If we pullback from here, I think there is plenty of support below at the 100 level, and that of course is a massive “floor” in this market. Given enough time, I think we do turn things back around and form a positive trend, but you also have to keep in line that’s mainly being driven by the Bank of Japan.
![USD/JPY Forecast October 3, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/10/usdjpy.jpg)