We don’t often see barrier options in play in the USD/JPY but as Jamie said overnight, the price action certainly looked like there was one in play at 90.00. Whatever the source, there are some very solid offers at 90.00 ($250 million+) and there will be the usual trailing stops above 90.10. Not much in the way of buy orders until close to 89.00 I’m told so as we’re closer to the top end of this range, we may possibly be in for a gradual slide lower during this session.