Currency Analyst since 2010

Jan. 28: 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: 1.1150 (EUR 295m),1.1300 (EUR 513m), 1.1400/20 (EUR 560m);

USD/JPY: 117.00 (USD 200m), 118.50 (USD 628m);

AUD/USD: 0.7960 (AUD 381m), 0.8075 (AUD 396m);

USD/CAD: 1.2375 (USD 438m), 1.2290 (USD 300m);

EUR/JPY:136.95 (EUR 402m).

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