USD/JPY: Looks to have topside scope to 99.50
- The daily chart is still in a sideways pattern with scope for a move towards 99.50 (see chart);
- Some of the Yen crosses like AUD/JPY and EUR/JPY are nearing technical resistance levels;
- The market is still reporting some very large long positions amongst professional players but they have been very patient and resiliant;
- Range trading likely between 98.00/99.50 over coming days.