By FXEmpire.com
The USD/JPY pair fell hard during the session as the Dollar got beat up in general. The rumors and statements of central banks stepping into the markets in case of a Greek inspired meltdown calmed the markets, and even had a lot of risk taking in general going on during the Friday session. The Bank of Japan has reiterated that it doesn’t like the high value of the Yen at this point though, and it looks like an intervention could be coming if needed. This leads us to buy only when it comes to this pair, and as a result we are looking for supportive candles closer to the 78 handle form which to do so.
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Originally posted here
