📊 FX Option Landscape — September 11, 2025 (per pair, latest NY cut update)
🇪🇺 EUR/USD (EUR notional)
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1.1635: €1.0bn
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1.1640: €1.3bn
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1.1645: €1.6bn ✅
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1.1650: €1.0bn
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1.1675: €955m
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1.1700: €1.4bn
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1.1750: €965m
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1.1800: €1.6bn ✅
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1.1825: €2.5bn 🚨 Largest
📌 Focus:
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Heavy clustering between 1.1640–1.1650 (~€4bn combined) forms a strong lower resistance wall.
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To the upside, 1.1800 (€1.6bn) and especially 1.1825 (€2.5bn, largest strike) create a massive resistance cap.
→ The 1.1650–1.1825 zone represents an extremely strong topside option barrier.
🇺🇸 USD/JPY (USD notional)
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145.75: $1.4bn ✅
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146.50: $1.1bn
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147.50: $1.0bn
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147.75: $900m
📌 Focus:
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145.75 ($1.4bn) is the largest strike, acting as a strong magnet.
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Above, layered strikes at 146.50–147.75 point to compression within a 145.75–147.75 range into NY cut.
🇬🇧 GBP/USD (GBP notional)
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1.3580: £504m
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1.3600: £609m ✅
📌 Focus:
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Strong clustering at 1.3600, likely to act as both support and resistance pivot.
🇨🇭 USD/CHF (USD notional)
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0.8000: $724m
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0.8030: $629m
📌 Focus:
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Strikes clustered around 0.8000 → short-term magnet zone at the psychological threshold.
🇦🇺 AUD/USD (AUD notional)
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0.6650: A$698m
📌 Focus:
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Single mid-sized strike.
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Potential short-term cap and NY cut attraction point.
🇨🇦 USD/CAD (USD notional)
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1.3825: $504m
📌 Focus:
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Standalone mid-sized strike.
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Short-term pivot for intraday flows.
🇪🇺/🇬🇧 EUR/GBP (EUR notional)
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0.8725: €839m
📌 Focus:
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Mid-sized concentration, likely to serve as a reference level during European hours.
👉 Key Takeaway:
The spotlight is on EUR/USD, with dual pressure zones at 1.1640–1.1650 cluster and the 1.1825 mega-strike (€2.5bn).
For USD/JPY, 145.75 ($1.4bn) is the dominant magnet. Together, these strikes are likely to anchor price action into the NY cut.
⚖️ 15-minute Power Balance Snapshot:
USD ＞ EUR = AUD = CHF ＞ CAD ＞ GBP ＞ NZD ＞ JPY
