USD/JPY at 96.90 is seeing little net change on the day, with trading in the pairing being confined to a relatively narrow range.
Improved risk sentiment is helping underpin the pairing. There is also talk of a Japanese lifer aggressively buying the yen crosses, which will be supportive.
Sources note decent buy orders lined up around 96.30. On the topside, buy-stops are seen gathering around 97.20. However, reports also have decent sell interest lined up at 97.40 up through 98.00.