Option expiries NY cut: 1.7bn at Y123.00 stands out

FXStreet (Bali) - Option expiries for today's NY cut at 1000ET.

- EUR/USD: $1.1100(E448mn), $1.1115-25(E717mn), $1.1150(E313mn), $1.1200(E590mn), $1.1265(E458mn)

- USD/JPY: Y123.00(1.7bn), Y124.00($911mn), Y125.25($500mn), Y127.00($1.64bn)

- GBP/USD: $1.5050(Gbp200mn), $1.5075(Gbp200mn), $1.5445-50(Gbp355mn)

- EUR/GBP: Gbp0.7200-15(E376mn)

- AUD/USD: $0.7625(A$200mn), $0.7745(A$200mn), $0.7850(A$668mn)

- USD/CAD: C$1.2300($260mn)

AUD/USD trips stop losses above 0.7730

AUD/USD has gunned through stop loss orders above a big level at 0.7728, printing its highest at 0.7750. The major turnaround in the Yen has led to some major liquidation in USD long positions.
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USD/JPY could re-visit 120.85/75 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, USD/JPY could retreat to the 120.85/75 area prior to another leg higher...
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