Significantly large volumes of options are running out today among currency pairs.
- For EUR / USD, over 5 billion options expire today in the range of current levels, so it is likely to continue the price action between 1.2100 and 1.2200.
- Meanwhile, the situation is similar for USD / JPY between the levels of 109.00 and 110.00, although lower yields in the US may affect the price to fall below the bottom of the range.
- For USD / CAD, there is a large volume of expiring options at 1.2080-90, which level is likely to be seen as a price magnet.
- AUD / USD continues to have solid volumes around 0.7750, which will continue next week, so the price action can be kept close to these levels.
Junior Trader Nikolay Nankov