As we kick off the trading week, the foreign exchange (FX) options market presents several notable expiries that could influence price action across major currency pairs. Here’s a breakdown of the key levels to keep an eye on for Monday:

USD/JPY Expiries

• 150.70/80 – $812 million
• 148.90/149.00 – $525 million

The 150.70/80 level is particularly significant, as it aligns with recent price action and could act as a resistance zone if the pair continues its bullish momentum.

EUR/USD Expiries

• 1.0530 – $600 million
• 1.0470/80 – $1.72 billion
• 1.0390/1.0400 – $767 million
• 1.0340/50 – $674 million
• 1.0310/20 – $632 million
• 1.0270/80 – $753 million
• 1.0240/50 – $1.92 billion

With heavy expiries between 1.0240 and 1.0480, these levels could serve as important zones of interest for traders, influencing price movements and potential reversals.

AUD/USD Expiries

• 0.6360/70 – $516 million
• 0.6350 – $495 million
• 0.6310/20 – $598 million
• 0.6140/50 – $458 million

The cluster of expiries near 0.6350-0.6370 suggests this range could act as a magnet for price action, while lower levels could indicate downside pressure.

USD/CAD Expiries

• 1.4570/80 – $1.32 billion
• 1.4500 – $580 million
• 1.4440 – $1.49 billion
• 1.4420 – $592 million
• 1.4400 – $1.53 billion
• 1.4350 – $1.18 billion
• 1.4300 – $1.59 billion

The concentration of large expiries between 1.4300 and 1.4570 suggests that USD/CAD could see significant price action within this range, with potential volatility spikes around these key levels.

With substantial expiries across multiple currency pairs, traders should monitor these key levels closely. Expiry-driven moves often lead to short-term price fluctuations, and understanding these levels can provide valuable insight into market behavior. Keep an eye on price action as these expiries come into play, and be prepared for potential shifts in momentum.