USD/JPY is holding up reasonably well and is only 30 pips off recent highs and going nowhere. The market is well aware of sell orders at 83.70 but they are not overly huge I’m told so there is a possibility that the stops above 83.80 get triggered sooner rather than later. Despite the BOJ comments and the industrial output figures, USD/JPY has still only traded the usual 25 pip range.