Dollar-Canada expiry at 1.0700?

Talk in the market doing the rounds of a USD/CAD 1.0700 strike of about C$200 mio rolling off at the 11am cut this morning.

Dollar-Canada currently trading at 1.0745/49. Initially Dollar-Canada had opened up at 1.0820 in Asia dropped rapidly to 1.0705 in Asia before recovering to 1.0775 for the start of the European day.