We have seen USDJPY move marginally higher today on the back of strong Yen cross buying, however it is still to break thru the 95.50 offers. Trading does remain somewhat on the thin side and very spec orientated. Exporter selling on top at 95.50 and more towards 96.00 may limit the run today.
A reversal back below 95.00 cant be ruled out if we dont see it up above 95.50 in the next few hours.