It’s been a very quiet day in Asia today and the 40 pip move in USD/JPY has been one of the highlights! Barriers are expected to be well defended at 80.50 and Sovereign names are amongst the touted buyers near 79.80; which all augurs well for some further range trading. If there are large stops above 80.50, then the market may have a look later on tonight but otherwise I think that Europe and London are also going to suffer through some very quiet trade.