Yes it's all eyes on the US NFPs but we have some sizeable option expiries too
Further to my usual daily post I just want to draw attention to a few expiries that can still have impact regardless of what happens after 13.30 GMT.
Here's the key pairs to look at:
USDJPY: 115.00 (USD 776m) 115.50 (200m) 115.65-70 (380m) 117.00 (897m)117.20 (300m) 117.80-85 (790m) 118.00 (1.3bln)
EURUSD 1.0875 (EUR 1.8bln) 1.1000 (2.3bln) 1.1050 (462m) 1.1100 (852m) 1.1200 (2.3bln) 1.1300 (569m))
GBPUSD 1.4350 (GBP 331m) 1.4500 (668m) 1.4700 (513m)
It's the EURUSD chunk at 1.1200 that really stands out and helps to also explain why we've been largely pinned around/below the price so far today. Similarly the defence of 1.4500 on GBPUSD earlier.
There could be a real battle to be had if the NFPs don't drag prices too far either side.
Remember these options are vanilla and therefore are still in play right up until 15.00 GMT even if breached in the meantime.
Currently 1.1190 USDJPY 116.85 GBPUSD 1.4500
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