Lots of talk about options today but USD/JPY is the only battleground

Author: Adam Button | Category: Forex Orders

There is some chatter about big option expirations rolling off at the NY cut (1400 GMT) for EUR/USD and GBP/USD but I’m skeptical.

The USD/JPY expiries, however, are huge and they’re real:

  • USD/JPY – 97.50 ($1.2B), 97.10 ($2B), 97.00 ($650m), 98.00 ($160m) 98.10 ($3.4B)

The cable option at 1.5650 is around $100m and the 1.5675 is even smaller and that’s just not big enough to have any kind of effect. The only other ones I can dig up that might influence markets are around 1.0400 in USD/CAD but with spot below 1.0330, that’s a stretch. Also keep in mind that U Mich consumer sentiment data will be released at the same time as the options cut so that could add some volatility.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose