Looks like USD/JPY will spend the next few hours battling it out around 83.00 as there is a digital option expiring there this morning. Digitals are an all or nothing bet, so one side will try and push it up while the other will try and hold it down.

Japanese bids are scattered from 82.50 down to 82.25 in very good size, traders say. Stop-loss buy orders lie up at 83.30 now, we hear.