Its been the trend for a week or so now, with USDJPY unable to move out of a range in Asia. Today is no different, other than some interest to buy into the fix, USDJPY has sat on the sidelines with no real flows to talk about. There are buyers at 88.50 and more at 88.00, with stops below. Topside 89.20 sellers should cap it for Asia, with more sellers lined up at 89.50.