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USD/JPY Trades in Close Proximity to Sizeable Strikes

OPTIONS

Yesterday's rally in EUR spot brought the pair well clear of the more sizeable option interest layered between 1.18-1.20, leaving little on the table for today's NY cut.

For USD/JPY, pair trades in close proximity to decently sized strikes at Y104: ($3.5bln-$3.46bln USD puts) as well as Y104.45-50($1.6bln).

Other notable strikes include:

AUD/USD: $0.7385-0.7400(A$1.3bln, A$1.1bln AUD puts), $0.7435(A$673mln-AUD puts)

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