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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: 1.1300 (EUR 454m), 1.1400 (EUR 982m), 1.1450 (EUR 603m), 1.1500 (EUR 1.45bln), 1.1600 (EUR 1.25bln);

GBP/USD: 1.5300 (GBP 200m), 1.5175/80 (GBP 250m);

USD/JPY: 115.50 (USD 3bln), 117.00 (USD 1.8bln), 118.00 (USD 374m), 118.25/30 (USD 300m), 118.50 (USD 310m), 119.50 (USD 650m);

USD/CAD: 1.2470 (USD 210m), 1.2500 (USD 233m);

NZD/USD:0.7630 (NZD 606m).

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