The Japanese Yen Spot Price Index (.XDN) is down 1.67 to 107.18 after the US Dollar rallied back above 93 on the Japanese currency. In the options market, XDN volume is at 22 times the average daily levels. March 105 puts are the most actives, with more than 6,000 traded and 71 percent hitting offerside. Existing open interest is only 20 contracts, indicating open buy orders. Similar action is being seen in the US Dollar Settled British Pound (.XDB) Feb 138 puts.