USD/JPY News for the week of July 22, 2013

The USD/JPY pair had a slightly positive week, as we continue to hang around the 100 level. This area of course is significant based solely upon the fact that it is considered to be “par” between the US Dollar and the Japanese Yen. That being the case, expect a lot of volatility going forward, but we do think that this market eventually takes off to the upside yet again. This will be especially true as the Federal Reserve shows that it is ready to begin tapering off of quantitative easing, something that was put in down recently. We still believe that pullbacks will be buying opportunities, just as any move higher should signal buying as well.