As mentioned in my expiry list there are large option strikes rolling off today at the 1000EST/1500GMT cut, notably $2.5 bln at 91.00 and 91.50, with $1 bln as well at 90.50 and $3 bln at 90.00.
Whilst momentum is starting to wane a tad on the upside the downside is still well supported with bids from 90.75 down to 90.40 from importers, and some sell stops mixed in just below the Asian lows of 90.75 and again through 90.30. A barrier at 91.50 is at the moment limiting the topside with offers in front starting from 91.10
USD’s presently trading around 90.86
