USD/JPY outlook: Prefer to buy dips towards 96.60
- Consolidation wedge pattern still in play with base at 96.60 (see chart);
- AUD/JPY support at 86.25/40 should also attract buying interest;
- End-of-month buying expect from Japanese corporates.
Risk-reward would now seem to favour the dip-buyers, keeping stops below 95.80 if possible.