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: 1.1400 (EUR 1bln), 1.1450 (EUR 740m), 1.1500 (EUR 1bln), 1.1550 (EUR 2.2bln), 1.1600 (EUR 1.1bln), 1.1650 (EUR 822m), 1.1700 (EUR 1.45bln);

GBP/USD: 1.5250 (GBP 350m);

USD/JPY: 117.00 (USD 334m), 118.00 (USD 2.3bln), 118.25 (USD 749m), 119.00 (USD 565m);

AUD/USD: 0.7900 (AUD 456m);     

NZD/USD: 0.7500 (NZD 500m);

EUR/GBP: 0.7500 (EUR 660m), 0.7600 (EUR 270m).

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