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OPTIONS: Sizeable Strikes, Quiet Calendar Keeping Spot G10 Contained

OPTIONS
  • EUR/USD's fade through early European hours puts spot within close proximity of the most sizeable strike rolling off in the pair today: E1.0bln at 1.0875-85, while USD/JPY is also narrowing in on $787mln at Y155.85. 
  • Lastly, AUD/NZD trade is of note - the contained price action so far Tuesday keeps the cross within range of N$1.1075, at which A$660mln is set to expire today. 
  • The pipeline is busier for the rest of the week, with the highlights including: 
    EUR/USD: Jul24 $1.0990(E3.2bln), $1.1000(E1.0bln)
    USD/JPY: Jul24 Y156.00-05($2.3bln); Jul25 Y158.00($1.5bln)
    AUD/USD: Jul24 $0.6600(A$1.6bln)
    USD/CNY: Jul24 Cny7.3000($1.2bln)

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