The USD/JPY pair fell during the session on Friday, but stays above the 102 level to show signs of support.

The uptrend line that is from the weekly timeframe on this chart suggests and that sooner or later we will find buyers to pushes market higher.

We ultimately believe that the interest-rate differential will continue to widen between the United States and Japan, which should continue to push his pair higher over the longer term.

We do not have a supportive candle to buy quite yet, but will not hesitate to start going long as soon as we get one.

Editor’s Note: Equity investors/traders can use the Currency Shares Japanese Yen Trust (FXY, quote) ETF to take positions in the yen without a FOREX account.  The ETF looks to track the price of the Japanese Yen, minus ETF fee. The fund seeks to reflect the price of the Japanese yen with the shares representing a cost-effective investment relative to investing in the FOREX market.

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