Four daily highs just below the 100-day MA at 82.21 is surely telling us something. The constructive daily chart set-up has been questioned by last nights fall but isn’t quite neutralised yet. It will take a break below 80.35 to confirm that the bears are back in control. As usual, range trading is the order of the day in US/JPY with a sell-rallies bias for this session. Levels near 81.70 will probably be ‘toppy’ barring unexpected events and dips will probably be limited to 80.70.