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The US dollar<\/a> has rallied a bit during the course of the week, breaking above the top of the neutral candlestick from the previous week. Because of this, I think we are getting ready to make that move to \u00a5150 again, and then perhaps even the highs which are closer to the \u00a5152.25 region. Regardless, at this point, I like the idea of taking advantage of pullbacks that present themselves as buying opportunities. The \u00a5142.50 level underneath should be a major support level.<\/p>\n<\/div>\n<\/div>\n On the upside, if we do break above the recent highs and the \u00a5152.25 level, then it opens up the possibility of a move to the \u00a5155 level. We are most certainly in an uptrend, and the interest rate differential between the United States and Japan should continue to push this pair higher over the longer term. In fact, I don\u2019t necessarily have a scenario in which I\u2019m willing to short this pair, and I think that every time you see this market drop, you should be looking for some type of entry to get long. This will remain the same as long as the Bank of Japan continues its ultra-loose monetary policy, and it does suggest that the Japanese yen will continue to be a bit of a punching bag against almost everything.<\/p>\n On the other side of this equation, you have the Federal Reserve that is very tight with its monetary policy, and is likely to remain so. Because of this, you get paid to hang onto this currency pair, and I think that is probably one of the main drivers. With this, I like the idea of hanging on and continuing to not only collect swap, but price appreciation as well.<\/p>\n For a look at all of today\u2019s economic events, check out our\u00a0economic calendar<\/a>. <\/b><\/p>\n<\/div>\n<\/div>\n