Large bids in USD/JPY near 76.50

Nothing new here, with the market getting so used to tiny ranges that the amounts are getting much bigger. Joe reported in London last night that there was USD1billion plus on the bid every few pips around 76.70/80 and the amounts get even bigger as we near 76.50. It will probably be a typical USD/JPY experience; limitless liquidity in tight ranges for months on end and then a sudden black hole that the pair disappears into, reappearing on a different universe.