USD/JPY is in the upper end of its recent ranges, back within 5 pips of earlier session highs at 95.80. The buck has faltered several times in the last week ahead of the 96.00 level where a barrier option has been rumored. The greenback is shrugging off some modest risk aversion today and is drawing support from firmer US interest rates as well as a very bullish call from Goldman Sachs on USD/JPY in today’s FT.