FX Update- USD/JPY
USD/JPY remains stagnant in morning trade, centering on the 109.70-90 band in very light dealings. The 10:00 EDT option expiry, where 110.00 strikes reportedly rolled off, had little impact on the market, while sharply lower U.S. stocks have been shrugged off as well. A Swiss name has been a sporadic buyer through the morning, while Japanese offers are noted into the 110.00 region.