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EUR/USD Slips Off Highs, Putting Pair Back to Flat

EUR

Pre-NY crossover EUR/USD strength wholly erased, with the pair back to flat on the session - fading ~15 pips off the day's highs as the US 10yr yield clears the Friday high to print best level since February 23rd.

Price action across G10 FX remains largely subdued, with technical themes and recent ranges largely intact - this should keep the more sizeable option expiry pipeline for the Monday cut into play over the US cash equity open. Reminder of the more sizeable strikes rolling off in ~45 minutes:
  • EUR/USD: $1.0875(E505mln), $1.0900(E3.2bln), $1.1000(E3.0bln), $1.1015(E823mln)
  • USD/JPY: Y147.35-50($2.4bln), Y148.00($634mln), Y148.30-50($1.2bln), Y149.00($965mln), Y149.50-55($750mln), Y149.70-75($600mln), Y150.00-20($986mln)
  • EUR/GBP: Gbp0.8550(E502mln)
  • AUD/USD: $0.6425(A$515mln), $0.6500(A$600mln)
  • USD/CNY: Cny7.2000($1.1bln)
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