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The USD/JPY pair rose during the session on Monday as the rally continued. We approached the 79 handle again, but failed at the end of the session to close above it. We do think that this market is being pushed quite a bit, and a break of the 79 handle would signal continuation much higher. In fact, we are bullish of the spare and have been for some time because of the Bank of Japan interfering in falling prices. We think that this market has much further to go after a pullback or two.