• USD/JPY clears 200-HMA at 123.48 in London; had capped rallies last week
  
  
• Grexit risk a small + for JPY, but EUR/JPY still holds 138 support
  
  
• US IP/CU key event today, but trading chastened pre FOMC Wed
  
  
• Offers by Fri's 123.82 high, 124 & 124.15-20; stops above latter
  
  
• 1.48b & 1.2b of 123.00 & 123.35 expiries at the 10ET cut