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Currency Analyst since 2010

Jan. 29: 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: 1.1100 (EUR 378m), 1.1230 (EUR 231m), 1.1250 (EUR 420m), 1.1400 (EUR373m);

USD/JPY: 116.50 (USD 7332m), 117.00 (USD 520m), 117.65 (USD 400m), 118.00 (USD 300m), 118.50 (USD 2.1bln), 119.00 (USD 2.7bln), 119.50 (USD 885m);

GBP/USD: 1.5100 (GBP 1bln), 1.5250 (GBP 302m), 1.5400 (GBP 744m);

NZD/USD:0.7295/0.7300 (NZD 1.29bln).

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