[02:12 USD/JPY: Consolidates In Asia In A Tight Range] Sydney May 5. Range trading has dominated this morning"s Asian session and the USD/JPY has been sidelined in a 98.70/98 range, as the Tokyo holiday curtails volumes and local investors stand aside, with further range trading expected into the European open. Resistance comes in at 99.55/60 that held repeatedly on Friday and overnight, while support starts at 98.50, being Friday"s low. A sustained break targets 98.00, Wednesday"s high and the 10 day moving average. The USD/JPY trades 98.77/82. Andrew M. Spencer