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JPY extending small gains

JPY
  • Lower Equities and a underlying bid, helps USDJPY lower.
  • Heard of some profit taking and squaring.
  • Also note, of decent option expiry for today at 113.55, which may act as a magnet.
  • In terms of technical, initial support is seen at Friday's low, 113.43.
  • Options: USDJPY; 113.35 (440mln), 113.50 (299mln), 113.55 (1.5bn), 113.70 (250mln), 113.85 (355mln)

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