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US

Pres Biden Budget Proposal Ests

EURJPY TECHS

Needle Still Points South

USDJPY TECHS

Resistance Remains Intact

FED

Reverse Repo Operation

FOREX

Softer Greenback Extends GBP Bounce

OPTIONS
OPTIONS: Decent amount of EUR/USD calls due June 4th bought yesterday afternoon
drew some attention today. Well over $1.5bln was bought with strikes layered
from 1.1750 to 1.1870 (but bulk at 1.1823, Friday's high). Not as much action in
options markets today with volumes slightly below average for this time of day
across most major pairs, but a large EURUSD put trade w/ 1.14 strike was bought
due Aug22.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com