USD/JPY ran out of steam on the topside this morning at 83.22 just ahead of reported keen selling interests at 83.30. For the year end fix, USD/JPY after being bought up beforehand had no where to go after the fix and eased back to 82.77. The pair is currently tracking sideways just above 82.80 at the moment with players suggesting we could see some more profit taking ahead of tonight’s London fix although the worm appears to have turned with players in a buy dip mentality now. EUR/JPY has witnessed a similar pullback after breaking briefly above 117.50 (intraday high 117.54) last trades at 117.18.