Another quiet day in Asia with the JPY crosses going for a run higher earlier in the session but now having given back all of those gains. Very solid selling interest from Sovereign names and investment houses are capping USD/JPY below 95.50 and the other USD major pairings are unable to gain any momentum in either direction. There remain suspicions that an option play is protecting 1.40 in the EUR/USD, but dealers expects lots of stops below. No major flows have been reported so far today in the JPY crosses.