99.00 to prove magnetic in USD/JPY

There were said to be some big option barriers at this level last week and I’m not sure whether they are still active or not but I am hearing of large stops above 99.00. Not much in the way of decent support in USD/JPY until around 97.40. There are not a lot of reasons to be long JPY in the current environment apart from risk-aversion so these stops may get triggered sooner rather than later.