The US dollar rallied against the Japanese yen during the session on Friday, bouncing off of the 116 region. However, this is a market that continues to show quite a bit of volatility, ultimately with an upward slant. The 115 level underneath continues to be supportive as far as I can tell, as it was previously resistive. A supportive candle in that area would be a nice buying opportunity, as we should continue to reach higher and perhaps towards the 120 handle above there. Keep in mind, the Japanese yen sells off against almost anything at the moment, so this market should continue to favor the US dollar over the longer term. Have no interest in selling until we get below the 111 handle.
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