TD Securities - "USD/JPY’s recovery from the low 91 area back through support at 92.20 looks to have breathed new life into the bull trend but we still spot some worrying signals in terms of the price action—a huge sell-off Monday leaves a big, bearish outside day reversal on the daily chart—and oscillators (where the divergence between spot and the slow stochastic has increased this week). We are unable to get too enthusiastic about chasing this market higher form this point. Downside risks remain."