Is USD/JPY struggling above 94.00?

OK, so in the spirit of ‘trade what you see, not what you think’, time to ask the question.

There have been plenty of yen bearish comments in the past hour or so (and over the weekend, too) and USD/JPY has responded by ticking higher. But it hasn’t run away higher. What do we think here – it seems like there is plenty of offering interest around?

As far as orders go, I hear stops to be done above 94.20.