Wednesday’s FX options expiries are packed with notable levels and sizable notional amounts across a variety of currency pairs. Traders will be keeping a close eye on these levels as they could have an impact on short-term price action in the FX market. Here’s a breakdown of the most significant options expiries for the day:

USDJPY

• 155.30: 559m
• 153.70: 815m
• 153.50: 840m
• 153.00/10: 883m
• 151.70: 565m
• 150.30: 400m
• 150.00: 468m

The USDJPY expiries highlight several key levels with considerable notional amounts, including strong interest around the 153.00/10 range. The largest expiry is at 153.50, with 840m at stake. The broader range shows substantial expiries down to 150.00, a key psychological level, with significant interest at 151.70 and 153.70.

EURUSD

• 1.0480/90: 1.35bn
• 1.0450: 967m
• 1.0420/30: 1.54bn
• 1.0400: 1.26bn
• 1.0380/90: 716m
• 1.0340/50: 867m
• 1.0310/20: 1.66bn
• 1.0300: 2.20bn
• 1.0270/80: 1.79bn
• 1.0250/60: 1.52bn
• 1.0220: 1.16bn
• 1.0200: 1.72bn

For EURUSD, there’s a dense cluster of expiries near the 1.03-1.05 range, with some very large expiries around the 1.0300 strike, totaling 2.20bn. Traders will be monitoring these levels closely, particularly the 1.0300 level, as it could play a role in price action during the day. Additional notional interest exists further below at 1.0200, where 1.72bn is up for expiry.

GBPUSD

• 1.2450: 429m
• 1.2400: 485m

For GBPUSD, the expiries are concentrated around the 1.2400 and 1.2450 strikes. With both of these strikes holding moderate notional amounts, there’s a chance of some volatility around these levels as they approach expiration.

AUDUSD

• 0.6550: 1.28bn
• 0.6370: 574m
• 0.6350: 456m
• 0.6190/0.6200: 1.22bn
• 0.6170: 775m
• 0.6090/0.6100: 1.01bn

AUDUSD expiries reflect notable interest around the 0.6200 strike, with 1.22bn expiring at that level. There’s also substantial activity around 0.6550, where 1.28bn will be expiring, and a series of expiries further down to the 0.6090/0.6100 range.

NZDUSD

• 0.5760: 481m

NZDUSD has a relatively quiet expiry schedule, with just 481m expiring at 0.5760, a level that could still prompt some activity, though it’s not as busy as other pairs.

USDCAD

• 1.4390/1.4400: 640m
• 1.4380: 740m

USDCAD shows solid interest around the 1.4400 area, with combined expiries of 640m at the 1.4390/1.4400 strikes and 740m at 1.4380. These levels could become focal points for any intraday price action.

EURJPY

• 158.50: 900m
• 156.50: 675m

EURJPY expiries show a significant amount of interest near the 158.50 strike, with 900m expiring there. There’s also a sizable expiry at 156.50, with 675m up for expiry, which may influence movement in this cross.

USDMXN

• 20.90: 438m

For USDMXN, the expiry is set at 20.90, with 438m expiring. While not as large as some of the other expiries, this could still lead to some localized price moves.

USDCNH

• 7.35: 657m
• 7.21: 617m

Finally, USDCNH expiries show notable interest at the 7.35 and 7.21 strikes, with 657m and 617m respectively. These levels might contribute to volatility in the Chinese yuan during the day.

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The expiration of these FX options is set to impact short-term price movements across various currency pairs, particularly around key levels such as 153.00 for USDJPY, 1.0300 for EURUSD, and 0.6200 for AUDUSD. Traders will be watching closely for any potential volatility or pinning around these strike prices as expiration time approaches.

As the day unfolds, expect potential market-moving moves near these expiring strikes, with a focus on how the underlying pairs behave as the options expiring take effect.