The USDJPY has held firm and moved slowly higher since the early morning test of the 95.00 area. The USD has moved higher across the board since mid-morning. EURJPY was sold off to 133.60 on the back of Sovereign sales into the Tokyo Fix but the bids at 133.60-70 coupled with a firm USDJPY has seen it move back towards 134.00.
Japanese traders tell me that USDJPY is trapped in a 95.00 -96.00 range today with interest either side.