Or perhaps I’ve got that the wrong way around, the lack of movement is as a direct result of the heavy orders. There are big buy orders close to the market at 92.75/85 with stop-loss sell orders starting below 70. More bids at 92.50/55, again reportedly heavy, trailing stops directly below 50 and more bids at 92.10/25. The topside also sees some heavy interest, but the offers are above 94.00 so not really in play yet. If these support levels can hold then we may see a very quick move back towards the top of the range. I think a lot of what happens in USD/JPY will depend yet again on the crosses.