AUD/USD has been in profit0taking mode since the options cut at 14:00 GMT. It trades as though someone pushed it up to trigger a digital option (pays out if above a certain level at expiry) and now we are falling on profit-taking.
Another sizable Japanese earthquake has spark a bit of profit-taking on JPY crosses after several weeks of one-way traffic and AUD/JPY is no exception.
Stops are seen below the 1.0420 level, traders report.
