USD/JPY has overcome resistance around 92.54 and now trades in the low 92.60s. Upbeat Chicago PMI data, jitters over a potential JAL bankruptcy (which could badly hurt Japanese banks who hold loads of JAL debt) and wide US/Japan interest rate differentials are all supporting the greenback versus the JPY today.

93.30 is the upside target over the medium-term, a top from early September. The 200-day moving average at 93.66 lies beyond.