Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Dollar/Yen Closes Above 100.00

The USDJPY finally broke and closed above the key resistance near 100.00 today, extending the current up trend. The market formed a small pin bar buy signal yesterday, just prior to today's breakout. Given the small size of yesterday's pin and that it didn't really form at a key chart level, many of us likely missed today's move. Traders can continue to look for price action buy signals on any retraces back to support to trade back in-line with the up-trend in this market.