Interesting bit of talk re USD/JPY
Apparently 91.25 is the strike level of a decent-sized option structure held by a US name and the bank in question has been selling USD/JPY recently to hold rate under said level. Expiry is January 27th.
USD/JPY has been as low as 90.80 this morning, presently back up at 90.95 as aforementioned buy orders lend some needed support.

AUTOREFRESH 













[...] 91.15, EUR/JPY at 128.65 from around 129.45. JPY beneficiary of increased risk aversion. Talk of strong US named seller up around 91.25 helping cap recent recovery attempts. Share and [...]