Currency Analyst since 2010

Key option levels

FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1650 (EUR 211m), 1.1700 (EUR 517m), 1.1715 (EUR 639m);

GBP/USD: 1.5300 (EUR 231m);

USD/JPY: 117.00 (USD 470m), 117.50 (USD 251m), 118.60/65 (USD 335m), 119.00 (USD 465m);

AUD/USD: 0.8000 (AUD 625m), 0.8110 (AUD 236m), 0.8260 (AUD 305m), 0.8400 (AUD 1.6bln);

NZD/USD: 0.7850 (NZD 301m), 0.7900 (NZD 372m);

EUR/GBP: 0.7635 (EUR 200m).

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