The USD/JPY currency pair made its highest weekly close in 5 years for the third week running, but the candlestick formed is a pin candlestick which looks only weakly bullish, if at all. We do see a strong bullish trend, but the souring of risk sentiment last week had the effect of boosting the Japanese yen, so I do not want to go long here until we see a daily (New York) close above the nearest key resistance level at 116.29.