FX Action: USD-JPY took out option barriers at 105.00 FX Action: USD-JPY took out option barriers at 105.00 in extending to a fresh eight-month peak of 105.01. January's major-trend peak at 105.44 is now in scope. The move reflects general dollar outperformance along with yen underperformance, with the Japanese currency declining on the view that the BoJ is heading for fresh monetary stimulus to counter the impact of the sales tax hike. EUR-JPY hit nine-day highs earlier while AUD-JPY logged a new 16-month peak during the Tokyo session today. USD-JPY support is now marked at 104.27-30, ahead of 104.00.