There are large option expiries at 1.4600 and 1.4630 today in EUR/USD. Remember last week there was a big buyer of 1.4600 puts ($500 mln)? They roll-off the books today.
In USD/JPY there are big expiries at 90.30 and 90.50 and in AUD/USD at 0.8700 and 0.8750.
In the absence of any other influences, large options strikes tend to attract price action as we near the 14:00 GMT expiration.
Flow-wise, we’ve heard of steady USD/JPY buying over the last 18 hours from US real-money accounts. Japanese real money are sellers above the 90.00 today.
There has also been strong buying of USD/CAD from US investors.
In EUR/CHF, the SNB was rumored down at 1.5090 earlier in the day.
