USD/JPY is holding up well in early European trade, presently at 97.15. The next level of technical significance on the topside is 97.45. Sources report various interest in the pairing. Buy stops are said to be gathering just above aforementioned technical resistance, around 97.50. On the downside there are said to be buy orders lined up at 96.50/60 which are described as “light” and then more robust interest down at 96.20 and then at 96.00.