For those who missed my regular early morning post there is a large GBPJPY expiry today for GBP 700 mln at 170.00.
It’s a little way away now to have any real impact but it certainly helped put the bid under the pound after the post-data drop earlier, so expect it to come into play should we fall again prior.
For the new readers out there today you can check my post here for more info on trading these contracts.
Low post 170.12. Currently 170.90
GBPJPY M1 21 Feb