USD/JPY touch easier; option expiries, buy orders, stops noted

USD/JPY is marginally easier at 94.20. Sources note talk of 94.00 and 93.80 option expiries due to run off later today at the New York cut.

There are expectations of a defence of said interest, and indeed we’re heard from sources that there are buy orders lined up down at 94.00/15. There is also talk of sell-stops gathering just below 94.00.