Dealers say that profit-taking in AUD/JPY is responsible for this mornings dip. USD/JPY is down 15 pips to 95.10. Jamie referred to dealer-talk in NY of very strong bids at 94.75 and I am hearing of good interest to buy on dips towards 94.50 but also solid offers between 96.00/25. These are likely to be our s/t ranges for USD/JPY, barring any unforeseen surprises.