92.00 bids are still holding the line in USD/JPY with that pair surprisingly tranquil on a day when the dollar has seen some pretty dramatic swings and few compunctions about breaking out of trading ranges.
Small stops are seen below 92.00 while larger stops are eyed on a break of the important area of support dating back to July in the 91.72/78 region. 91.50 stops are eyed as well, traders tell us. Expect liquidation from Japanese retail investors if this last area of support (in the 91.70s) gives way. Rebounds are limited to 92.35 near-term.
