USDJPY in retreat with large expiries looming later

USDJPY now down to session lows 24 May

Currently 111.73 after posting 112.05.

Earlier I reported large option expiries today at 112.00 and warned of a cap confirmed in the order board too.

Blimey, I'm definitely taking the rest of the day off !

Demand/support into 111.60-65 then 111.50.

GBPJPY potentially a prime mover in the drop but yen demand generally prevailing.