📊 FX Option Landscape — September 10, 2025 (per pair, latest NY cut update)
🇪🇺 EUR/USD (EUR notional)
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1.1600: €1.1bn
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1.1650: €1.8bn ✅
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1.1680: €906m
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1.1800: €1.2bn
📌 Focus:
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The 1.1650 strike (€1.8bn, largest concentration) stands out as a strong magnet zone.
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Options cluster heavily across the 1.16 handle, raising risk of price gravitating around 1.1650 into NY cut.
🇺🇸 USD/JPY (USD notional)
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146.00: $860m
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146.50: $1.1bn ✅
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147.00: $834m
📌 Focus:
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146.50 ($1.1bn) is the heaviest concentration.
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Expect intensified tug-of-war in the 146.00–146.50 zone, making 146.50 a likely “gravity point” into NY cut.
🇨🇭 USD/CHF (USD notional)
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0.7800: $790m
📌 Focus:
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Mid-sized single strike.
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Short-term pivot, likely to attract reactive flows around this level.
🇦🇺 AUD/USD (AUD notional)
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0.6535: A$736m
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0.6550: A$1.1bn ✅
📌 Focus:
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0.6550 (A$1.1bn) marks a key cap for AUD upside.
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Combined 0.6535–0.6550 strikes create short-term magnetic range pressure.
🇨🇦 USD/CAD (USD notional)
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1.3725: $502m
📌 Focus:
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Single mid-sized strike.
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Acts as a short-term reference level.
🇳🇿 NZD/USD (NZD notional)
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0.5800: NZ$525m
📌 Focus:
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Functions as a downside support marker.
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A break below raises risk of accelerated declines.
👉 Key Takeaway:
Today’s most critical zones are EUR/USD 1.1650 (€1.8bn) and USD/JPY 146.50 ($1.1bn).
Both serve as NY cut magnets, guiding intraday ranges, with market focus on whether consolidation holds or a breakout occurs.
⚖️ 15-minute Power Balance Snapshot:
AUD ＞ NZD = USD ＞ GBP ＞ CAD ＞ JPY ＞ EUR ＞ CHF
