Talk of stops doesn't materialize

The yen is one of the few currencies in a net long position against the dollar in the CFTC report but those longs are in danger of fleeing as USD/JPY trades at the highest since July 29.

There was chatter about buy stops above the weekly high of 104.87 and 105.00 but they didn't materialize on the first break. The high was 105.04 but the pair has sagged back to 104.90.