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Large option expiry could be at play

FOREX
  • Not much change in the Dollar against G10s, NZD is still the worst performer down 0.82%, albeit off its worst levels.
  • The Greenback is around flat versus GBP, EUR, NOK, and CHF.
  • Latest mover is the USDJPY, pushing higher, but well within yesterday's range, and still short of yesterday's high at 131.84.
  • Note that we have some large option expiry for today (expiry at 15.00BST/10.00ET), that could act as magnets and keep the EURUSD and USDCAD inside those strikes..

Of note:

  • EURUSD 3.95bn between 1.0875/1.0950.
  • USDCAD 5.47bn between 1.3430/1.3500.
  • USDJPY 1.85bn at 131.00/131.50.

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