As we head into Thursday, traders and investors will want to keep a close eye on several key FX option expiry levels. Large notional amounts clustered around key psychological and technical levels can often influence spot price action as expiries approach. Here’s a breakdown of the notable expiries across major currency pairs:

USD/JPY

The yen pair sees moderate option interest across a range of strikes, with notable expiries including:

• 153.00/10 – $505 million
• 152.00 – $408 million
• 151.80 – $471 million
• 150.00 – $683 million
• 147.50 – $490 million
• 147.00 – $555 million

EUR/USD

The euro sees the most significant concentration of options expiring, particularly below the 1.0800 handle:

• 1.0900/10 – $978 million
• 1.0860/70 – $686 million
• 1.0850 – $1.34 billion
• 1.0820/30 – $1.80 billion
• 1.0800/10 – $2.22 billion
• 1.0780/90 – $451 million
• 1.0770 – $408 million
• 1.0740/50 – $1.84 billion
• 1.0700/10 – $1.31 billion
• 1.0660/70 – $1.40 billion
• 1.0590/1.0600 – $1.05 billion
• 1.0510/20 – $1.17 billion
• 1.0490/1.0500 – $814 million

GBP/USD

Sterling has decent-sized expiries clustered around recent trading levels:

• 1.2900 – $812 million
• 1.2800 – $660 million
• 1.2700/10 – $1.08 billion

AUD/USD

The Aussie dollar shows widespread but relatively balanced expiry interest:

• 0.6450 – $771 million
• 0.6360/70 – $486 million
• 0.6320/30 – $642 million
• 0.6300/10 – $682 million
• 0.6250/60 – $485 million
• 0.6220/30 – $901 million
• 0.6200/10 – $496 million

USD/CAD

• 1.4290/1.4300 – $565 million

USD/CHF

• 0.8900 – $604 million
• 0.8790/0.8800 – $460 million

USD/CNH

• 7.2800 – $761 million

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EUR/USD stands out with the heaviest expiries, especially in the 1.0800–1.0700 range, which could act as a magnet for price action or even dampen volatility near those levels. USD/JPY and AUD/USD also show clusters of interest that may provide short-term support or resistance.

As always, while option expiries are only one piece of the puzzle, they can provide useful context for intraday or short-term trading decisions.

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