The USDJPY had a
very strong session on yesterday, slicing through the 120 level
during US trading. With that, the market looks very bullish and if we
can break above the top of the range for the session on Monday, we
are more than willing to start buying and aiming for the 122 level.
Any pullback at this point of time should find buying pressure, as
the 119 level looks to be very supportive.We believe that this market
will continue to go much higher, probably heading to the 125 level.
