Contacts report Japanese megabanks bought USDJPY up but ran into offers at 109.40. Some had linked the selling to local investors’ hedging. AUDJPY is seen heading into interesting zone – break of 79.25 could trigger some buying interests from systematic funds.

DTCC showing sizeable option strikes at 1.1400 and 1.1405 expiring today totalling nearly EUR2.6bn capping the EURUSD – and nearly EUR2bn between 1.1415 and 1.1425. Meanwhile the downside buying beneath 1.1370, hearsay from real money accounts.