Currently 126.05 after a breach of barrier option at 126.00 triggered stops to 125.78

Talk of larger stop losses to be triggered if 125.75 breaks. Macro funds selling USDJPY still.

Offers 126.30 126.50 126.75 127.00 127.25 127.50 127.80 128.00

Bids: 125.50 (barrier option, stops below) 125.00 (barrier option, stops below) 124.75 124.50 124.50 124.00