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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: 1.0650 (EUR 635m), 1.0680 (EUR 408m), 1.0800 (EUR 262m), 1.0850 (EUR 402m), 1.0950 (EUR 401m), 1.1075 (EUR 3.4bln);

USD/JPY: 119.65 (USD 2bln), 120.00 (USD 1.3bln), 120.20 (USD 700m), 120.50 (USD 501m), 122.00 (USD 675m), 122.25 (USD 550m);

USD/CAD: 1.2350 (USD 556m);

AUD/USD: 0.7685 (AUD 372m).

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