USD/JPY continues to drag across the bottom this past week as traders are simply not willing to test the mettle of the Bank of Japan. Because of this, we have formed a couple of supportive candles these past two weeks. Is this a buying opportunity? We don’t know yet, but we are keeping an eye out for it. A larger green daily candle could entice us into buying this pair, at least until we get to the 80 handle. We can’t sell – the BoJ will fight that.
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