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Sizeable Strikes Could Limit Any Spot Breakout for EUR/USD

OPTIONS
Sizeable strikes across both EUR/USD and USD/JPY could weigh on spot volatility headed through the Wednesday session, with options interest particularly notable between $1.0900-35, while the pullback in spot brings Y145.00 expiries into range for USD/JPY:
  • EUR/USD: $1.0850(E1.4bln), $1.0900(E705mln), $1.0935(E538mln), $1.1000(E834mln), $1.1025(E779mln)
  • USD/JPY: Y144.40-50($938mln), Y145.00($658mln)
  • AUD/USD: $0.6500(A$552mln)
  • USD/CNY: Cny7.3000($822mln)

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