Further to my earlier post highlighting some large option expiries today
Manic markets in the immediate aftermath of the US NFPs. Headline looked rubbish but the detail was more encouraging.
I warned earlier about these large expiries and they are still very much in play. Ignore at your peril whatever you think of their potential impact or indeed data just out.
USDJPY:
115.00 (USD 776m) 115.50 (200m) 115.65-70 (380m) 117.00 (897m)117.20 (300m) 117.80-85 (790m) 118.00 (1.3bln)
EURUSD 1.0875 (EUR 1.8bln) 1.1000 (2.3bln) 1.1050 (462m) 1.1100 (852m) 1.1200 (2.3bln) 1.1300 (569m))
GBPUSD 1.4350 (GBP 331m) 1.4500 (668m) 1.4700 (513m)
Click here for my full article and further explanation.
Currently 117.11, 1.1160 and 1.4485
I'm heading out of here now so I'll thank you for your great support as always this week and wish you a good and peaceful week-end.
And remember,
