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Large expiry in USDCAD

USD
  • Besides the Yen, on the BoJ hike messaging talks, NOK and CAD are the best performer in G10s versus the Dollar.
  • WTI is just off the high, but still eye $83.10 - High Jan 12 next.
  • Big focus on USDCAD today, with the pair printing a 1.2454 low yesterday, mainly on the USD weakness, which was also the lowest level since 10th November.
  • The pair sees a large amount of Option expiry for today, with 4.84bn between 1.2485/1.2525 which might keep the pair within that range.
  • USDCAD: 1.2485 (1.28bn), 1.2500 (1.43bn), 1.2510 (664mln), 1.2525 (1.47bn)
  • Yesterday's low in USDNOK comes at 8.6293

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