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Sizeable Strike in NZD/USD Could Draw Focus

OPTIONS
  • A busy option expiry schedule Thursday, with strikes in NZD, EUR and JPY to watch.
  • Close to €6bln notional is due to roll-off between 1.1650-1.1700 which could contain spot going forward, while $1.4bln layered between Y109.65-80 could be a focus.
  • Lastly, a sizeable strike in NZD/USD at 0.6800 (N$1.4bln) is uncharacteristic for the pair, and could draw focus into the 10am NY cut.

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